According to the business news website, Deutsche Bahn AG has taken “the first concrete steps to prepare for a potential sale or listing of its DB Schenker logistics unit“. It is said the deal could be in region of €20 billion, according to “people familiar with the matter”.
The anonymous sources quoted by Bloomberg say that Deutsche Bahn AG is currently using a consultant and legal advisers to prepare DB Schenker for a possibility of a deal later in 2022. The various possibilities on the table include both a full or majority stake sale, as well as the sale of a minority holding or an initial public offering.
Bloomberg understands that the funds raised from the sale of DB Schenker or its shares could be used to boost Germany’s rail network – something the federal government wishes to do for the benefit of the environment.
Bloomberg adds that “buyout firms are already lining up in anticipation”. It lists Carlyle Group Inc. and CVC Capital Partners, as well as a joint bid by Advent International and Bain Capital, as potential suitors.
As we have previously reported on Trans.INFO, DSV are said to be interested, while Bloomberg believes Deutsche Post AG and Kuehne & Nagel are also seen as possible buyers.
None of the parties above gave anything away after being approached by Bloomberg for comment, making it anyone’s guess as to who is in pole position to land DB Schenker.
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