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Up to 10 companies bid for Deutsche Bahn's Schenker, Handelsblatt reports

Published 03/27/2024, 02:01 AM
Updated 03/27/2024, 05:41 AM
© Reuters. A Deutsche Bahn train stands at Cologne Central Station in Cologne, Germany January 24, 2024. REUTERS/Jana Rodenbusch/File Photo

BERLIN (Reuters) -Between seven and 10 companies have made non-binding offers for Schenker, the logistics subsidiary of German national rail company Deutsche Bahn, Handelsblatt business daily reported on Wednesday, citing sources familiar with the matter.

Among those companies are Danish group DSV and shipping company Maersk, as well as financial investors, according to the report.

The group of bidders is not expected to be narrowed down until a meeting of the railway's supervisory board in September, it said.

According to Handelsblatt, the deadline for "indiciative offers" to be submitted was Tuesday.

A spokesperson for Deutsche Bahn said the company would begin evaluating initial written offers from potential buyers following a deadline for submissions.

"Experience has shown that this will take time," added the spokesperson, without giving details about the number of offers.

The railway operator's finance chief said earlier this month that he expects a deal to sell Schenker to be signed in the second half of this year.

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