The names of the four final bidders in the race to buy DB Schenker has been revealed by Reuters.
Maersk, DSV, Bahri — the national shipping line of Saudi Arabia — and private equity company CVC (with ADIA and GIC) are now in the final round of the sale process.
Bids are said to be between €14bn ($15.15bn) and €15bn, with the decision expected to be made by parent Deutsche Bahn this year, with the takeover slated for 2025, said MarketScreener.
The Eurasian landbridge has contributed to increased sustainable connectivity between the EU and China during the decade of the 2010s. Felicitously, this market-driven development preceded, and also complemented, major foreign economic policy announcements by China and the EU and reinforces their goal of increased connectivity. The resulting connectivity is likely to survive any bilateral political debacles because the economic foundation is strong
Maritime transport defied the COVID-19 disruption. In 2020, volumes fell less dramatically than expected and by the end of the year had rebounded, laying the foundations for a transformation in global supply chains and new maritime trade patterns.
