News / Maersk pulls out of DB Schenker bid after identifying 'challenges' in integration

© Mariusz Bugno

Maersk has pulled out of its bid to buy DB Schenker, leaving just three in the race.

Maersk was believed to have offered some €15bn, but the company said today that, following an internal review, it thought integration would be too challenging.

Vincent Clerc, CEO, said: “Over the past months, Maersk has conducted a review of the DB Schenker business and, during the past few weeks, there has been an opportunity to participate in an in-depth due diligence. Following this review, Maersk ...