CVC, DSV Submit Dueling €14 Billion Bids for DB Schenker
- CVC-led group, DSV separately submitted binding bids
- CVC also puts in a bid with potential government re-investment
This article is for subscribers only.
Danish transport group DSV A/S and a consortium led by CVC Capital Partners Plc separately put in binding bids that value Deutsche Bahn AG’s logistics unit at about €14 billion ($15.6 billion), according to people familiar with the matter.
Separately, the CVC-led group also tabled an offer of as much as €16 billion that would see the German government reinvesting for a roughly 25% stake in DB Schenker, the people said, declining to be identified because the information is private. The buyout firm pledged to keep the DB Schenker brand as well as its German headquarters in its proposals, the people said.