Live Markets, Charts & Financial News

DSV ahead in bidding for Deutsche Bahn’s Schenker, sources say By Reuters

3

BERLIN (Reuters) – Danish transport company DSV is slightly ahead in the bidding race for German state rail operator Deutsche Bahn’s Schenker logistics unit, several people familiar with the sale process told Reuters on Friday.

DSV’s offer is currently considered the most attractive, the sources said after a meeting of a government committee that evaluated the bid with a rival bidder, a consortium led by CVC Capital Partners.

The sources added that the railways themselves are heading towards the Danish company, but the final decision will be in the hands of the government, as the value of the two offers is about 14 billion euros ($15.6 billion).

German Railways declined to comment on the matter.

Although the government committee’s assessment is an important step in the sale process, it does not mean a decision has been made, which is expected to be issued by the end of September at the earliest.

(1 dollar = 0.8974 euro)

Comments are closed, but trackbacks and pingbacks are open.