BBG: German union prefers CVC as Schenker buyer to save jobs
BLOOMBERG reports: Verdi, Germany’s most powerful labor union, is making the unusual move of backing a private ...
While about 600 miles from Essen, where German 3PL DB Schenker is based, rumours build about a “soon to happen” private-equity deal in asset-light logistics. The subsidiary of Europe’s largest rail firm Deutsche Bahn, unsurprisingly* (for those who have followed our coverage) has struck a meaningful purchase on the other side of the Atlantic.
(“Market talk since late 2021 has been that DB Schenker may bulk up inorganically,” we argued, once more, on 15 February, as part of a – mildly – ...
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