Three banks selected for DB Schenker sale

Photo: DB Schenker

Deutsche Bahn has appointed three banks as it moves forward with the sale of its freight forwarding subsidiary DB Schenker, according to Reuters’ sources.

The report said that the rail group has chosen Goldman Sachs, Morgan Stanley and Deutsche Bank for the sale.

Final details on the sale are still being decided, the sources said.

Deutsche Bahn and the banks will meet in Berlin at the end of this week, one of the sources said.

In December last year, Deutsche Bahn said it has assigned its management board to examine and prepare the case for a potential sale of up to 100% of its shares in DB Schenker.

The company said it was selling the forwarding business to enable it to focus on its core rail business.

The sale of the company, which is ranked fourth globally in terms of airfreight volumes, is valued at around €12bn to €20bn.

In the first half of 2022, DB Schenker generated €1.2bn in operating profit, the best mid-year result in the company’s 150-year history.

The company offers land, air and ocean transport services and employs 76,100 people across 1,850 locations in more than 130 countries.

Previous speculation on a potential sale has persisted for years, with rumours of a sale most recently resurfacing in September 2022.

As recently as 2021 DB Schenker had said there were no plans to sell the company.

No potential buyers have been named yet.

Air Cargo News has contacted DB Schenker for comment.

Deutsche Bahn prepares for the sale of DB Schenker

REPORTS: Deutsche Bahn to sell DB Schenker

No plans to sell DB Schenker as DSV rumours resurface

Share this story

Related Topics

Latest acquisitions news

CMA CGM in talks with Balguerie over the sale of part of Bolloré Logistics

The CMA CGM Group has initiated the sale of 100% of Bolloré Logistics’ activities in Guadeloupe, Martinique, Saint-Martin, French Guiana,…

Read More

Share this story

Dachser takes majority stake in Dachser & Fercam Italia

Dachser has acquired 80% of the shares in the joint venture Dachser & Fercam Italia, effective March 28. This completes…

Read More

Share this story

Scan Global Logistics plans for further acquisitions

Fast-growing Scan Global Logistics said it is planning to make more acquisitions with a focus on growing in key markets….

Read More

Share this story

Rebecca Jeffrey

Rebecca Jeffrey
New to aviation journalism, I joined Air Cargo News in late 2021 as deputy editor. I previously worked for Mercator Media’s six maritime sector magazines as a reporter, heading up news for Port Strategy. Prior to this, I was editor for Recruitment International (now TALiNT International). Contact me on: [email protected]