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 coronavirus outbreak exposed the fragility of global supply chains that move goods between countries. Due to the volatility of the logistic market, carriers are facing new risks and the need to promptly respond to changes in order to manage them. The global cargo transportation market is experiencing significant difficulties caused by abrupt decrease of the transport infrastructure throughput due to the coronavirus (COVID-19) pandemic.
