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The sale of DB Schenker, the logistics arm of Deutsche Bahn (DB), seems to have entered a new phase. The deadline for submitting indicative, non-binding offers was Tuesday, 26 March, and at least seven interested parties bade. The amount of the offers has not been shared yet, but the value of the company is set between 10 and 15 billion euros.
The bidding companies range from logistics operators to investment funds, according to German newspaper Handelsblatt. The logistics companies that presented an offer are DSV, who many consider the frontrunner, and Maersk, whose interest was confirmed by the CEO. Moreover, the Saudi national shipping carrier Bahri also came forward with an offer. Read more
Source: RAILFREIGHT.COM
