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Deutsche Bahn Schenker takes CVC, Maersk, DSV and Bahri into last round, sources say

Posted to Maritime Reporter on May 29, 2024

Germany's nationwide rail operator Deutsche Bahn has actually chosen Maersk, DSV , Bahri and CVC in consortium with ADIA and GIC to get in the last round of a sale process for its logistics subsidiary Schenker, 3 sources knowledgeable about the matter informed Reuters.

Reuters reported last Friday that Deutsche Bahn had shortlisted 4 final bidders for the process, without divulging names.

Deutsche Bahn wishes to gather last quotes for business in July, two of the sources said.

DSV, CVC, ADIA, GIC and Maersk declined to comment. Bahri, Saudi Arabia's national shipping carrier, was not instantly available for remark.

After extensive examination of the now confirmed, non-binding deals for DB Schenker, we have actually picked the bidders with whom we will move into the next stage of the sales process, a spokesperson for Deutsche Bahn said.

In the coming weeks, these bidders will have the chance to make binding offers for DB Schenker as part of a. comprehensive assessment. The entire process is going according to. plan, they added.

Some of last week's bids surpassed 15 billion euros ($ 16.21. billion), while others can be found in around 14 billion euros, as. formerly reported. Earnings will assist the state-owned rail. operator cut its financial obligation of around 34 billion euros.

A contract with the final buyer must remain in place this. year, with the sale set up to be completed in 2025.

Schenker has over 70,000 staff members in around 130 nations. worldwide, including around 15,000 in Germany.

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