Deutsche Bahn picks four finalists for DB Schenker sale
WAREHOUSING & LOGISTICS

Deutsche Bahn picks four finalists for DB Schenker sale

Deutsche Bahn (DB) had chosen the four finalists for the sale of DB Schenker. The remaining contenders were Danish shipping giants Maersk and DSV, the Saudi national shipping carrier Bahri, and a partnership between investment funds CVC Capital Partners, Carlyle Group, and the Abu Dhabi Investment Authority. This development indicated that MSC was no longer in the race.

DB aimed to gather the final bids by July, as reported by Reuters. In the previous week, DB had received confirmatory bids from various parties interested in acquiring DB Schenker. The last four bidders would have the opportunity to submit more detailed offers in the coming weeks. A final agreement was expected to be signed within the year, with the sale being finalised in 2025.

DB had decided to sell its logistics arm DB Schenker to cover its outstanding debt, which Reuters had estimated at 34 billion euros. The price for DB Schenker was anticipated to be around 15 billion euros, potentially covering almost half of DB?s financial shortfall. The sale of DB Schenker had been made official by DB in December 2023. By January 2024, over 20 parties had shown interest in purchasing the German logistics giant. Now, only four contenders remained, but only one would ultimately secure the acquisition.

Deutsche Bahn (DB) had chosen the four finalists for the sale of DB Schenker. The remaining contenders were Danish shipping giants Maersk and DSV, the Saudi national shipping carrier Bahri, and a partnership between investment funds CVC Capital Partners, Carlyle Group, and the Abu Dhabi Investment Authority. This development indicated that MSC was no longer in the race. DB aimed to gather the final bids by July, as reported by Reuters. In the previous week, DB had received confirmatory bids from various parties interested in acquiring DB Schenker. The last four bidders would have the opportunity to submit more detailed offers in the coming weeks. A final agreement was expected to be signed within the year, with the sale being finalised in 2025. DB had decided to sell its logistics arm DB Schenker to cover its outstanding debt, which Reuters had estimated at 34 billion euros. The price for DB Schenker was anticipated to be around 15 billion euros, potentially covering almost half of DB?s financial shortfall. The sale of DB Schenker had been made official by DB in December 2023. By January 2024, over 20 parties had shown interest in purchasing the German logistics giant. Now, only four contenders remained, but only one would ultimately secure the acquisition.

Next Story
Infrastructure Energy

REC Transfers HVDC Project to Power Grid

REC Limited has successfully handed over the Special Purpose Vehicle (SPV) for a High-Voltage Direct Current (HVDC) transmission project to Power Grid Corporation of India Limited (PGCIL). This strategic move aligns with the nation's objectives to strengthen its power transmission network. Key Highlights: Project Overview: The HVDC project, under the inter-state transmission system (ISTS) initiative, is a critical component of India's push toward robust and efficient electricity transmission. It aims to handle bulk power transfer across long distances while ensuring minimal losses. Role of RE..

Next Story
Infrastructure Transport

NF Railway Collaborates with IIT Guwahati

The Northeast Frontier (NF) Railway has signed strategic Memorandums of Understanding (MoUs) with IIT Guwahati to foster technological advancements and improve railway operations in the region. This partnership focuses on innovative solutions to enhance safety, efficiency, and sustainability in rail infrastructure. Key Highlights: Purpose of MoUs: The collaboration aims to leverage IIT Guwahati's expertise in technology and research for implementing cutting-edge solutions across railway operations. Key areas of focus include: Automation and digitization in maintenance. Sustainability initiati..

Next Story
Infrastructure Transport

Danapur Division Modernization Plans Revealed

The Railway Board has unveiled ambitious plans for the expansion and modernization of the Danapur Division, a critical hub under the East Central Railway. The initiative focuses on infrastructure development, enhanced passenger amenities, and operational efficiency. Key Highlights: Scope of Modernization: The Railway Board's blueprint emphasizes: Upgrading existing infrastructure to accommodate more passenger and freight traffic. Improving station facilities, such as platforms, waiting areas, and connectivity. Introducing advanced signal systems for safer and smoother operations. Freig..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000