Gulf bidders in running for Deutsche Bahn logistics arm

Gulf bidders in running for Deutsche Bahn logistics arm

Abu Dhabi Investment Authority (ADIA) and Saudi Arabia’s national shipping carrier Bahri are in the final round of a bidding process for DB Schenker, the logistics subsidiary of Germany’s national rail operator Deutsche Bahn. Danish companies Maersk and DSV are also in the running, sources told Reuters. ADIA, the UAE’s largest sovereign wealth fund, is […]

ADIA and Saudi’s Bahri in final round

Bids up to $16.2bn so far

DB Schenker present in 130 countries

Abu Dhabi Investment Authority (ADIA) and Saudi Arabia’s national shipping carrier Bahri are in the final round of a bidding process for DB Schenker, the logistics subsidiary of Germany’s national rail operator Deutsche Bahn.

Danish companies Maersk and DSV are also in the running, sources told Reuters. ADIA, the UAE’s largest sovereign wealth fund, is in consortium with European investor CVC and Singapore’s government wealth fund GIC.

The rail operator wants to collect final bids for the business in July.

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DSV, CVC, ADIA, GIC and Maersk declined to comment to Reuters. Bahri, Saudi Arabia’s national shipping carrier, was not immediately available for comment.

“After intensive evaluation of the now confirmed, non-binding offers for DB Schenker, we have selected the bidders with whom