"Deutsche Bahn Initiates Sale of DB Schenker, Sheds Light on Private Equity in 2024"
TL;DR Summary
Deutsche Bahn has officially launched the sale process for DB Schenker, its logistics subsidiary, with potential buyers asked to register their interest by mid-January. The sale proceeds will be used to reduce Deutsche Bahn's debt and allow it to focus on its core business. The move sets the stage for potential M&A activity in 2024, with DSV and UPS among the rumored interested parties.
- News / Deutsche Bahn finally launches sale process for DB Schenker theloadstar.com
- Deutsche Bahn launches sales process for logistics arm DB Schenker Reuters
- DB Schenker sale process underway as firm is officially on the market Air Cargo News
- German railway operator Deutsche Bahn launches effort to sell logistics unit Schenker The Associated Press
- DB Schenker sale could tell us a lot about private equity in 2024 Axios
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