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DB Schenker sale to DSV approved by supervisory board

The Supervisory Board of Deutsche Bahn AG has approved the sale of its logistics subsidiary, DB Schenker, to the Danish transport and logistics group DSV during an extraordinary meeting on Wednesday. At the same time, the German government also granted the necessary approval for the transaction under the Federal Budget Code.

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The sale, which was agreed upon by Deutsche Bahn’s management on 13 September 2024, is valued at €14.3 billion (£12.5 billion or $15.8 billion), with expected total proceeds of up to €14.8 billion including anticipated interest income until completion.

“The sale of DB Schenker is an important milestone for DB, allowing us to focus consistently on the reconstruction of domestic rail infrastructure and the operation of environmentally friendly passenger and freight transport in Germany and Europe,” said Werner Gatzer, Chairman of the Supervisory Board.

Dr. Richard Lutz, CEO of Deutsche Bahn, emphasised the clear objectives set to structurally reform the company in areas of infrastructure, operations, and profitability. He noted that the proceeds from the sale would significantly reduce DB’s debt and contribute to the financial stability of the group. He also highlighted that DSV would be a strong strategic owner for Schenker.

The process for selling DB Schenker began in December 2023, in line with EU regulations, ensuring an open, transparent, and non-discriminatory bidding process. DSV emerged with the economically most advantageous offer for the railway operator.

With approximately 72,700 employees across more than 1,850 locations in over 130 countries, DB Schenker is set to evolve further within DSV. Planned investments of around €1 billion in the coming years are expected to foster additional growth potential. DSV has committed to German co-determination and existing collective agreements and company policies, aiming to create one of the leading transport and logistics firms globally.

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