CVC and DSV submit final bids of around $15.6 billion for Deutsche Bahn’s Schenker, Reuters sources say

By Emma-Victoria Farr and Markus Wacket

FRANKFURT (Reuters) – Deutsche Bahn’s logistics unit Schenker has collected final bids from a consortium led by CVC Capital Partners and Danish transport firm DSV, valuing the business at around 14 billion euros ($15.57 billion ), two people familiar with the matter told Reuters.

The CVC consortium also presented an option where the German government could reinvest with a minority stake, bringing its bid up to 16 billion euros, the people said, speaking on condition of anonymity.

CVC’s long-term plan is to list the business on the Frankfurt Stock Exchange, one of the people said.

Deutsche Bahn is evaluating the final offers and will have to discuss them with the government, with a final decision expected in the coming weeks, the people said.

Deutsche Bahn was not immediately available for comment. CVC and DSV declined to comment.

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