Maersk pulls out of bidding for Germany's DB Schenker

COPENHAGEN, July 1 (Reuters) - Danish shipping group Maersk (MAERSKb.CO), opens new tab said on Monday it is no longer interested in buying DB Schenker as integrating the logistics firm would pose too many challenges.

 

German state rail operator Deutsche Bahn last year launched a sale process for its logistics arm and Maersk has previously said it was considering buying it.

 

"Our investigation confirmed DB Schenker as an interesting company ... But the in-depth review also identified areas of challenges from an integration perspective," Maersk CEO Vincent Clerc said in a statement. Read more

 

 

Source: REUTERS