Up to 10 companies bid for Deutsche Bahn's Schenker, Handelsblatt reports
Reuters
Published Mar 27, 2024 02:01AM ET
Updated Mar 27, 2024 05:41AM ET
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.
Get The News You Want
Written By: Reuters
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.