Danish logistics giant DSV A/S and a consortium of investment companies led by CVC Capital Partners Plc have submitted mandatory bids for logistics operator DB Schenker, each valued at around 14 billion euros.
An investment consortium including CVC Capital Partners, Abu Dhabi sovereign wealth fund ADIA and Singapore’s GIC CVC has submitted another bid of 16 billion euros, which would buy out the German government’s 25% stake in DB Schenker.
Earlier, at the initial stage of the tender, Maersk valued its bid for DB Schenker at 15 billion euros, but in July the Danish corporation abandoned the deal due to too high risks. Soon after, Saudi Arabia’s national shipping carrier Bahri also dropped out of the race, leaving DSV and the CVC consortium as the only bidders. The sale process for DB Schenker was initiated by Deutsche Bahn AG in December 2023.