Comment / DB Schenker sale – dodging 'burned fingers' as Berlin tiptoes

ID 11158146 © Artem Samokhvalov | Dreamstime.com

Meeting after meeting, chat after chat with people in logistics, as well as financial sponsors who are all quite busy. From what I gather, drafting scenarios of various sorts spanning capital markets and M&A, life is getting more exciting by the hour.

But don’t mention DB Schenker (DBS).

’Pending progress’ 

Although S&P Global Ratings argued earlier this month that “Deutsche Bahn’s [DB] solid 2022 results should facilitate large planned investments”, it continues to assume that “rating headroom could likely reduce over 2023-2025”.

That’s not ...