The competition between the consortium of investors led by CVC Capital Partners and the logistics multinational DSV to acquire a stake in DB Schenker is becoming increasingly fierce. In early September 2024, the Danish giant announced plans to invest over one billion euros and limit job cuts to 1,600-1,900 positions in the event of an acquisition. Just days later, CVC responded by sending a letter to Deutsche Bahn’s management and supervisory boards, upping its bid. This news was reported by Bloomberg, which obtained copies of the letter.
According to Bloomberg's September 9, 2024 report, CVC increased its offer to 16 billion euros, up from the previous 14 billion (the same amount offered by DSV), ensuring Deutsche Bahn a higher income by two to two and a half billion euros. The letter was sent to the German rail company following speculation that DSV was being favored. On the contrary, the Ver.di union supports CVC due to concerns over potential job cuts under DSV’s plan.
