September 8th, 2022
The German government has agreed in principle with Deutsche Bahn (DBN.UL) to sell the rail operator's Schenker logistics business, government and company sources told Reuters on Thursday. The supervisory board of state-owned Deutsche Bahn will approve the sale as soon as possible, potentially this year, the sources said. Banking sources value Schenker between 12 and 20 billion euros ($19.97 billion), though valuation calculations will be influenced by the state of the global economy and impact from the war in Ukraine and the ongoing energy crisis.
This is a very unique development that will impact the global forwarding and logistics communities. Anthony Miller recently posed the question of who might buy such an asset? The new owner will need deep pockets and an extensive integration strategy: DB Schenker is the fourth largest freight forwarder in the world, with (2021 figures) Gross Revenues of $20,761M, moving 2,052,000 TEU’s and 10,940,002 tons of air freight in 2021.
Any thoughts on who might (or how they’ll be) acquired?
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