Comment / Guilty! Germany AG sells Schenker short – a steal at €14.3bn

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Let’s get frustration out of the way immediately: if nothing else changes, DSV will take over DB Schenker (DBS) within nine months. Me?

Dead wrong on the outcome, our base case always hinging on a sale to private equity followed by IPO exit within five years.

We still get wind of CVC Capital Partners doing all it can to get back in the race, but chances it could scupper the €14.3bn enterprise-value sale to the Vikings are slim.

Or not even that.

Now, breathe ...