DB Board Approves Schenker Sale
Deutsche Bahn approves sale of DB Schenker to DSV
Deutsche Bahn has approved the sale of its freight forwarding business DB Schenker to transport and logistics group and fellow forwarder DSV.
DB Board Approves Schenker Sale After Union Backlash
Ahead of the DSV/Schenker deal’s approval vote, unions were against the sale due to concerns of job losses and a possible exit from Germany.
DB Schenker Sale Faces Decisive Vote
Deutsche Bahn AG’s planned 4.3 billion-euro ($15.8 billion) sale of its logistics arm is facing a decisive vote Oct. 2.
DSV Starts €5 Billion Share Sale to Finance DB Schenker Takeover
DSV A/S received commitments from investors for more than half of a €5 billion ($5.5 billion) sale of new shares as the Danish freight-forwarding company finances its takeover of DB Schenker. DSV will sell the stock in an underwritten directed issue and ...
Deutsche Bahn faces union opposition in DB Schenker sale vote
On Wednesday, 2nd October, the Deutsche Bahn (DB) supervisory board is expected to vote on the proposed sale of its logistics subsidiary, DB Schenker, to Danish competitor DSV. However, the sale is facing resistance from the railway and transport union EVG, potentially jeopardising the transaction.
Schenker sale to DSV approved
Switzerland-based DSV added to its stable of logistics providers, buying Schenker from the debt-laden German national railway. The post Schenker sale to DSV approved appeared first on FreightWaves.
Deutsche Bahn union is said to plan voting against Schenker sale
A union representing Deutsche Bahn workers will seek to block the agreed-upon  €14.3 billion ($16 billion) sale of subsidiary DB Schenker to Danish freight firm DSV A/S, the Frankfurter Allgemeine Zeitung newspaper reported.
Deutsche Bahn Supervisory Board approves sale of DB Schenker to DSV
The Supervisory Board of Deutsche Bahn approved the sale of DB Schenker to Danish transport and logistics group DSV at an extraordinary meeting on Wednesday. DSV announced its biggest transaction to date after signing an agreement to acquire DB Schenker from Deutsche Bahn on September 13, 2024 for an enterprise value of €14.3 billion.
Denmark's DSV raises $5.5 billion for Schenker acquisition
Denmark's DSV said on Friday it had raised $5.5 billion in a share issue to partially finance its acquisition of Schenker, a deal that would make it the world's biggest logistics company. Last month,
Deutsche Bahn’s €14 Billion Unit Sale Faces Decisive Vote
Deutsche Bahn AG’s planned €14.3 billion ($15.8 billion) sale of its logistics arm is facing a decisive vote Wednesday.
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Deutsche Bahn Approves Logistics Unit Sale to DSV
DSV won approval to buy Deutsche Bahn’s logistics unit for $15.8 billion, overcoming resistance from German labor unions and late attempts by a rival bidder to derail the deal.
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German rail firm Deutsche Bahn approves freight subsidiary sale
The board of Germany's state-owned Deutsche Bahn railway approved the sale of the logistics subsidiary DB Schenker to the ...
Deutsche Bahn Calls CVC’s Last-Attempt Schenker Bids ‘Inferior’
Deutsche Bahn AG said bids submitted after the deadline by private equity fund CVC Capital Partners Plc. remain “inferior” to ...