Why China's port giants are sitting out the big M&A cycle
Avoiding the post-mortem
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© Yurii Kibalnik
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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 ...
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