Both interested parties valued the company at around 14 billion euros, according to Reuters. The offer presented by CVC, in cooperation with Carlyle Group and the Abu Dhabi Investment Authority, includes an option that could see the German government reinvest in DB Schenker with a minority stake. In this case, the consortium seems to be willing to increase its offer to 16 billion euros.
The plan for the CVC-led group is to list DB Schenker on the Frankfurt Stock Exchange, ensuring that the company’s headquarters stay within German borders. On the other hand, if the offer presented by DSV is accepted, a few jobs and locations may be sacrificed. The DB group decided to put DB Schenker on sale in December 2023 to help cover its outstanding debts, set at roughly 30 billion euros.
