DSV completes DB Schenker buy as it notes strong Q1 performance by Air & Sea
Danish 3PL DSV formally completed its €14.3bn ($16.3bn) acquisition of German peer DB Schenker today, ...
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The probability that a cash-flushed ocean carrier or a financial sponsor would take a stake in DB Schenker must be gauged against its short-term appeal on the stock market.
Easy peasy.
Background
The EXCLUSIVE headline from Reuters – “Deutsche Bahn’s Schenker logistics business up for sale” – wooed the trade and finance last week, when it reported that the German government seems to have come to terms with the idea of monetising its ownership of the freight forwarding mammoth.
Emphasis in bold added to their reporting:
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