Without the logistics subsidiary’s profits, Deutsche Bahn would lack an important source of income to finance operations.
(Photo: Deutsche Bahn AG)
Frankfurt, Berlin It could be one of the biggest deals of the year: Deutsche Bahn has not yet officially started preparations for the sale of its logistics subsidiary Schenker, which is worth 15 to 20 billion euros. However, financial investors are already showing great interest – and the first alliances are emerging.
Private equity firms CVC and Carlyle have joined forces for a joint bid and have already called in consultants, several people familiar with the matter said. They want to be ready if Schenker comes onto the market later in the year.
Investors Bain and Advent — who have worked together many times before — are also in talks about a joint bid, but haven’t made a decision yet. Blackstone is also looking for a partner. The financial investors declined to comment.
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