RTR: CVC urges Deutsche Bahn to reconsider Schenker sale to DSV, letter shows

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REUTERS reports here:

Financial investor CVC is urging German state railway conglomerate Deutsche Bahn to reconsider its $16-billion sale of logistics arm Schenker to Denmark’s DSV, a letter seen by Reuters showed on Wednesday, criticising underlining calculations for the deal.

“We are therefore firmly convinced that our offer is economically advantageous compared to the DSV offer, which is why we should have been awarded the contract for the acquisition of Schenker,” said CVC’s letter sent to Deutsche Bahn.

CVC would welcome a process ...