Denmark's DSV to raise around $5.5 bln for Schenker acquisition
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Oct 03 2024
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Should l Buy ?
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.
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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.
