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Abu Dhabi sovereign wealth fund ADQ is reportedly interested in the acquisition of DB Schenker. This brings in a new candidate for the acquisition of the logistics subsidiary of Deutsche Bahn (DB).
DQ’s interest was recently highlighted by German media Handelsblatt. Officially, the bidding process surrounding DB Schenker has yet to begin, but the names of several potential buyers of the logistics giant have been circulating in the German press for some time. Analysts expect the sale to turn into a duel between Danish DSV and German DHL Group. Shipping companies Maersk and MSC and Dubai-based terminal operator DP World are also said to be in the race to make a bid, according to German media.
The sale of DB Schenker
Within the German government, a discussion on DB Schenker’s buyer criteria is still ongoing, as Handelsblatt mentioned. The newspaper writes that there are concerns about the consequences of a sale to the highest bidder because DB Schenker is important for the country’s transport chains. A sale could therefore only be an issue after a “thorough investigation”. DB’s supervisory board formally put the freight forwarding subsidiary up for sale in September this year. Read more
Source: RAILFREIGHT.COM
