BERLIN (Reuters) – Danish logistics company DSV won the race to buy Schenker, the rail logistics arm of German state railway Deutsche Bahn, sources at the railway and at the German government said.
The sources said a preliminary contract for the transaction, worth some 14 billion euros, would be signed in coming days. The deal must be approved by DB’s supervisory board, comprised mainly, but not exclusively of government, parliamentary and union representatives.
A spokesperson for DB declined to comment on the report. DSV said it did not comment on market rumours.
Financial investor CVC was the other contender remaining in the race to buy Schenker, which according to its website has more than 70,000 employees in 1,850 locations worldwide.
(Writing by Thomas Escritt; Editing by Chris Reese)
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