DSV to Kick Off Bond Sale Early to Finance €14 Billion Deal

Transport firm to start sale of 4-5 bonds this year, CFO says
DSV raises funds to finance its record takeover of Schenker

The takeover of Deutsche Bahn’s logistics company will make DSV the world’s largest freight-forwarding company.Photographer: Carsten Snejbjerg/Bloomberg

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By Christian Wienberg

October 23, 2024 at 9:15 AM UTC

Updated on

October 23, 2024 at 10:34 AM UTC

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Danish transport company DSV A/S will start a large bond sale as soon as this year to help pay for its €14.3 billion takeover ($15.4 billion) of DB Schenker ahead of an expected completion in 2025.

That’s according to DSV’s chief financial officer, who says the group will soon issue four to five bonds with different maturities even though the acquisition isn’t expected to close until the second quarter of next year.