News / CVC sets out benefits of its 'superior' offer for Schenker in letter to DB

© Mohamed Ahmed Soliman

CVC Capital Partners, which is leading a consortium to acquire DB Schenker, yesterday sent a letter to Deutsche Bahn’s management and supervisory boards setting out the benefits of its proposed ’alternative’ offer, which would see DB reinvest €1bn to keep a stake of up to 24.9% in the logistics firm, according to a well-placed source.

CVC has now guaranteed that Deutsche Bahn would generate €2bn to €2.5bn of proceeds from the reinvestment on the remaining stake when CVC exits the investment, ...