Reported 27 days ago
DSV, a Danish transport provider, has won the bidding for Schenker, a unit of Deutsche Bahn, with a deal valued at 14 billion euros. This acquisition will position DSV as the leading global forwarder by volume and revenue, surpassing Kuehne & Nagel. The sale reflects Deutsche Bahn's shift in focus towards its core passenger rail services and debt reduction efforts.
Source: YAHOO