Germany’s national railway company Deutsche Bahn has completed the sale of its logistics subsidiary DB Schenker to Danish transport and logistics group DSV in a deal worth €14.3 billion.
The company said the sale of DB Schenker would allow it to focus on its core business in Germany.
The transaction was initiated in September 2024 and “in recent weeks” obtained the necessary approvals from antitrust authorities in the European Union and US.
DB CEO Richard Lutz said the sale is the largest corporate transaction in the company’s history and the proceeds will “substantially reduce” its level of debt.
“The sale of Schenker will reduce complexity for DB and allow us to fully focus on our core business,” Lutz said in a…
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