The Danish multinational logistics company DSV is on the verge of acquiring a stake in DB Schenker, gaining a significant advantage over the competing consortium led by CVC Capital Partners. The turning point came on September 11, 2024, when Deutsche Bahn’s Board of Directors formalized its support for DSV's offer, which includes a €14 billion bid and a commitment to replicate job cuts ranging between 1,600 and 1,900 positions.
Following the Board's green light, negotiations for the final agreement began, with the deal potentially being signed as early as mid-September. However, one crucial step remains: the approval of Deutsche Bahn’s Supervisory Board, where ten of the twenty members represent the workforce. In recent weeks, these worker representatives have voiced concerns about job security.
The union that has been most vocal against DSV’s bid is Ver.di, though it does not have representation on the Supervisory Board. However, this does not mean its influence on the board’s decisions can be ruled out. Additionally, the stance of the German government, currently center-left, will also be a key factor. In summary, while DSV has made significant progress, the outcome is still far from certain.
