DSV Wins Bid to Acquire DB Schenker for €14.3 Billion After Decisive Vote, Launches €5 Billion Share Sale

Oct 3, 2024, 01:32 PM

Deutsche Bahn’s plan to sell its logistics arm, DB Schenker, for €14.3 billion has been approved following a decisive vote on Wednesday. DSV has won the bid to acquire the unit, overcoming resistance from German labor unions and a rival bidder. The German government has also approved the $15.8 billion deal. To finance this acquisition, DSV has launched a €5 billion share sale and has already secured commitments from investors for more than half of the amount.