Deals
Deutsche Bahn Gathers Bids for €15 Billion Logistics Arm
- European rivals, private equity consortium placed bids
- Deutsche Bahn could narrow list of suitors next week
A worker packs a customer's order inside a DB Schenker logistics hub near Gothenburg, Sweden
Photographer: Nora Lorek/BloombergThis article is for subscribers only.
Deutsche Bahn AG has received a handful of confirmatory bids for its DB Schenker logistics unit, which could fetch more than €15 billion ($16 billion) in one of Europe’s largest deals this year, according to people familiar with the matter.
A consortium led by CVC Capital Partners Plc and Carlyle Group Inc. submitted an offer valuing the business at around €14 billion, the people said, declining to be identified because the information is private. The private equity firms have been in talks to team up with the Abu Dhabi Investment Authority and Singapore wealth fund GIC Pte, according to the people.