Denmark's DSV to raise around $5.5 bln for Schenker acquisition
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 03 2024
0mins
Source: Reuters
DSV's Acquisition of Schenker: DSV is raising over 37.3 billion Danish crowns ($5.51 billion) through new share issuance to partially finance its acquisition of Schenker, the logistics division of Deutsche Bahn, for 14.3 billion euros ($15.76 billion), which will position DSV as the world's largest logistics company.
Regulatory Approval and Timeline: The sale has been approved by Deutsche Bahn's supervisory board despite union opposition and competition from rival bidder CVC, with completion expected in 2025 pending regulatory approvals.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
