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Many Suitors for DB Schenker

Many Suitors for DB Schenker

Deutsche Bahn (DB) has provided an update on its plan to sell DB Schenker during the announcement of its full-year results, which showed the forwarder delivered a “reliable” profit performance.

Levin Holle, member of the board responsible for finance and DB Schenker, said that more than 20 parties had registered an interest in purchasing the forwarder after DB launched a bidding process earlier this year, reports Air Cargo News sister title DVZ.

Mr Holle said that the bidders could submit their first offers in the next few days and that a decision as to buyer could be made in the second half of the year. However, he ruled out any chance of the transaction being completed this year.

“We have been very pleased with the general market interest in our attractive logistics subsidiary,” DB said. “The rest of the process will be confidential, as is customary. We will only sell if it makes financial sense to do so.”

DB confirmed that its subsidiary DB Schenker was officially up for sale in December, a year after it began reviewing its options for the sale.

Interested parties had until January 15 to ask for extra information and until February 6 to submit their registration documents.

Most recently, shipping giant AP Moller Maersk said it would consider making an offer after previously dismissing the idea.

Other companies rumoured to be interested include MSC, DSV, UPS, DP World and Abu Dhabi Ports.

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