ID 159336658 © Anton Estrada |

In numerous stories and conversations in recent years, the fate of Deutsche Bahn-owned 3PL DB Schenker has been swinging between a sale and “work in process” to monetise the asset. With a deal crafted via the offering to the market of a minority stake – or any other outcome according to which its parent would not forgo control – the most reliable take, rather than a full exit from its parent, based on the insight we have garnered.

(Background: “The looomiiing ...

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