Deutsche Bahn Selling DB Schenker to DSV

The Supervisory Board of Deutsche Bahn AG approved the sale of DB Schenker to Danish transport and logistics group DSV at a meeting held on October 1. The federal government also granted the necessary approval under the Federal Budget Act (BHO). Following receipt of all required regulatory approvals, the sale is expected to be completed in 2025.

\n

\n

On September 13, 2024, the Management Board of Deutsche Bahn AG signed an agreement to sell logistics subsidiary DB Schenker to DSV at an enterprise value of 14.3 billion euros (15.8 billion dollars). The total transaction value, including expected interest income until closing, reaches 14.8 billion euros (16.3 billion dollars).

\n

\n

In December 2023, Deutsche Bahn launched an open process for the sale of DB Schenker in accordance with EU regulations. As a result, DSV stood out by submitting the most economically advantageous offer for Deutsche Bahn.

\n

\n

DB Schenker, which has approximately 72,700 employees and more than 1,850 locations in over 130 countries, will continue its development in partnership with DSV in the future. Planned investments of approximately 1 billion euros (1.1 billion dollars) over the coming years are intended to support additional growth potential.

\n

\n

Werner Gatzer, Chairman of the Supervisory Board of Deutsche Bahn, said, "The sale of DB Schenker is an important milestone in our efforts to restructure rail infrastructure in Germany and to focus fully on environmentally friendly passenger and freight transport operations in Germany and Europe."

\n

\n

Dr. Richard Lutz, CEO of Deutsche Bahn, commented, "We have set clear objectives to structurally modernize Deutsche Bahn in the areas of infrastructure, operations, and profitability, and to focus on our core business. Revenue from the sale will significantly reduce DB's debt and thereby make an important contribution to the financial stability of the DB Group. At the same time, DB Schenker will gain a strong strategic owner in DSV."

\n

\n

Key Points:

\n

\n

• Deutsche Bahn AG has decided to sell DB Schenker to DSV.

\n

• The total transaction value, including interest income, reaches 14.8 billion euros.

\n

• The sale is scheduled to be completed in 2025.

\n

• DB Schenker will continue its operations in partnership with DSV.

\n

• Revenue from the sale will reduce Deutsche Bahn's debt and enable it to focus on its core business.

\n

\n

\n

News Link: https://www.porttechnology.org/news/db-schenker-sale-receives-approval/

\n

-------------------

\n

!!! ANNOUNCEMENT !!!

\n

How to Implement ERP? Our Book Has Been Published on Google Play Books.

\n

#What is ERP?

\n

https://www.sedatonat.com/erpnasilalinir You can download and read it free of charge via the link above.

\n

We would be delighted to receive your feedback.

\n

Wishing you happy reading.