db-schenker-dsv

DSV and CVC launch $14bn bids for DB Schenker

The Bloomberg news agency is reporting that Danish transport and logistics group DSV and a consortium led by CVC Capital Partners have  separately put in binding bids for DB Schenker, the forwarding and logistics arm of Germany’s Deutsche Bahn rail group. The bids value the company at about €14 billion ($15.6 billion), Bloomberg reports. It adds that the CVC-led group has also tabled an offer of for up to €16 billion under ... [+]