Denmark’s DSV has won the €14 billion race for Deutsche Bahn’s Schenker, sources say By Reuters

BERLIN (Reuters) – Danish logistics company DSV has won the race to buy Schenker, the rail logistics division of German state railway Deutsche Bahn, German railway and government sources said.

The sources said a preliminary contract for the deal, worth around 14 billion euros, would be signed in the coming days. The deal must be approved by DB’s supervisory board, made up mainly, but not exclusively, of government, parliamentary and trade union representatives.

A DB spokesman declined to comment on the report. DSV said it did not comment on market rumours.

Financial investor CVC was the other contender left in the running to buy Schenker, which, according to its website, employs more than 70,000 people at 1,850 locations worldwide.