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Deutsche Bahn gathers Schenker bids

PLD: REBOUND MATTERSAMZN: MULTI-BILLION LONG-TERM MEXICO INVESTMENTDSV: WEAKENING TO TWO-MONTH LOWSKNIN: ANOTHER LOW PG: STABLE YIELDAAPL: GAUGING EXPECTATIONSXOM: GO GREEN NOWKNIN: BOUNCING OFF NEW LOWS HON: BREAK-UP PRESSURECHRW: UPGRADESZIM: LAGGARDFWRD: LEADINGMAERSK: OPPORTUNISTIC UPGRADETSLA: GETTING OUTDSV: DOWN BELOW KEY LEVELLINE: DOWN TO ALL-TIME LOWS

PLD: REBOUND MATTERSAMZN: MULTI-BILLION LONG-TERM MEXICO INVESTMENTDSV: WEAKENING TO TWO-MONTH LOWSKNIN: ANOTHER LOW PG: STABLE YIELDAAPL: GAUGING EXPECTATIONSXOM: GO GREEN NOWKNIN: BOUNCING OFF NEW LOWS HON: BREAK-UP PRESSURECHRW: UPGRADESZIM: LAGGARDFWRD: LEADINGMAERSK: OPPORTUNISTIC UPGRADETSLA: GETTING OUTDSV: DOWN BELOW KEY LEVELLINE: DOWN TO ALL-TIME LOWS

schenker © Mohamed Ahmed Soliman
© Mohamed Ahmed Soliman
By

Bloomberg sources have reported that Deutsche Bahn (DB) has received a “handful” of bids for DB Schenker. These include both Maersk and MSC, and a consortium led by CVC Capital Partners and Carlyle Group, in an offer worth some $14bn. The consortium is reportedly talking to the Abu Dhabi Investment Authority and Singapore Wealth Fund GIC. DB, which has called the sale Project Nova, said that the bidders had had a chance to “refine” their bids in recent weeks.

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