DB Board Approves Schenker Sale
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 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.
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 Schenker sale to DSV approved by supervisory board
The sale of DB Schenker is an important milestone for DB, allowing us to focus consistently on the reconstruction of domestic rail infrastructure and the operation of environmentally friendly passenger and freight transport in Germany and Europe,
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.
Deutsche Bahn Union to Vote Against Schenker Sale, FAZ Says
A Deutsche Bahn AG labor union will try to block the agreed €14.3 billion ($16 billion) sale of subsidiary DB Schenker to Danish freight firm DSV A/S, Frankfurter Allgemeine Zeitung reported.
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.
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.
Deutsche Bahn supervisory board narrowly clears sale of Schenker to DSV
Deutsche Bahn's supervisory board on Wednesday narrowly approved the sale of its profitable logistics business Schenker to Denmark's DSV, batting away union opposition and pushback from rival bidder CVC.
Deutsche Bahn’s €14 Billion Logistics 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.
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 ...
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Union to vote against DSV’s proposed take over of DB Schenker
Railway and transport union EVG is reportedly planning to vote against the sale of forwarder DB Schenker to DSV later this ...
DSV: Doubling In Size With Its Latest Acquisition, Adding $21 Billion In Revenue
DSV A/S's $15.93 billion acquisition of DB Schenker makes it the world's largest freight forwarder, with potential for strong ...
Deutsche Bahn Approves €14.3 Billion Logistics Unit Sale to DSV
DSV A/S won approval to buy Deutsche Bahn AG’s logistics unit for €14.3 billion ($15.8 billion), overcoming resistance from ...
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CVC’s Last-Attempt DB Schenker Bids Called ‘Inferior’
Deutsche Bahn said bids submitted by private equity fund CVC Capital Partners remain “inferior” to the winner’s offer, the latest twist in the $16 billion battle for its logistics unit.