Comment / DSV – near-$4bn Schenker boost update

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The M&A story of the week was out yesterday, 18 July, courtesy of Reuters:

“The field of bidders for German rail operator Deutsche Bahn’s logistics unit Schenker has narrowed to DSV and CVC after Saudi Arabia’s Bahri dropped out of the race, two people familiar with the sale told Reuters on Thursday.”

As a result, after Spike-y Monday 1 July we had our Spike-y Thursday this month, the upside limited to DSV though, the forwarder adding about four percentage points of capital ...