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 half-year health check on the state of the maritime markets finds shipowners in a better place than they anticipated 12 months ago. While tankers will have to wait for a meaningful vaccine-led recovery, box and bulk are booming.
The German government has assigned rail a fundamental role in its climate change strategy, promising unprecedented levels of financial support for expansion and modernization of the national network
