Comment / DB Schenker price matters – 'leveraged buyout scenario' update

ID 209177926 © Yurii Kibalnik | Dreamstime.com

The price that DB Schenker (DBS) may fetch from a sale, when and if it happens, either to DSV or a private equity-led consortium – the only two parties now reportedly still in the race – is a key piece in the M&A puzzle leading to the divestment of the German 3PL owned by debt-laden Deutsche Bahn.

And…

There seems to be little wiggle room above the €15bn base-case rumoured price tag for DBS’s equity.

In a note out to investors yesterday*, UBS ...