On August 23, 2024, Bloomberg reported that Deutsche Bahn received two separate binding bids for the acquisition of DB Schenker. These offers, as per an anonymous source familiar with the matter, came from Danish logistics giant DSV and a consortium led by CVC Capital Partners, which includes Singapore's sovereign wealth fund GIC and Abu Dhabi's ADIA (Abu Dhabi Investment Authority). Both bids are reportedly valued at €14 billion. The deadline for submitting these offers was August 23, 2024. Meanwhile, there is no update on the third potential bidder, the Saudi shipping company Bahri, and Maersk announced a few weeks ago that it was withdrawing from the competition.
Bloomberg also noted that the bid from the CVC-led consortium includes a provision for the German government to retain a 20% stake in DB Schenker, aimed at easing political approval and sharing in potential future value increases. However, there is no information available regarding the terms of DSV's offer. Deutsche Bahn is expected to make a final decision on the sale in the second half of 2024, with the transaction anticipated to be completed by the end of the year.
