Ground Freight & Logistics
DSV to produce worldwide logistics giant with $15.9 bln Schenker takeover
Denmark's DSV has actually consented to buy Schenker, the logistics arm of German state rail operator Deutsche Bahn, for 14.3 billion euros ($ 15.85 billion) in an offer that would make it the world's. most significant logistics company. The acquisition will be the most significant by a Danish company and. move DSV above Swiss group Kuehne und Nagel in both. volume and income. The all-cash transaction will be financed through a. combination of an equity raising of 4-5 billion euros and financial obligation. funding, DSV stated. DSV, which began as a small business of 10 truckers in. 1976, said the...