GERMANY's db Schenker has said there are no current plans to sell the company as rumours of DSV Panalpina's interest in the Deutsche Bahn-owned forwarder resurfaced.
DSV Panalpina chief financial officer Jens Lund recently told Danish publication Shipping Watch that the company would be interested in holding talks with state-owned Deutsche Bahn should DB Schenker be put up for sale.
This follows on from speculation in late May that DSV could be interested in the company, which was valued at the time at around EUR8 billion (US$9.3 billion) to EUR10 billion, reports London's Air Cargo News.
There are also German federal elections due to take place in September and there has been some suggestion that plans to sell the forwarder could be put forward after the vote.
However, a spokesperson for DB Schenker described the speculation as 'purely hypothetical'.
'Rumours about DB Schenker getting sold have been in the market for years now. Our very strong financial results and the upcoming federal elections in Germany give more fuel for such speculations,' the spokesperson said.
'Also, DSV's hunger for acquisitions is well known in the industry. However, as our owner currently has no plans to sell DB Schenker, any considerations are purely hypothetical.'
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DSV Panalpina chief financial officer Jens Lund recently told Danish publication Shipping Watch that the company would be interested in holding talks with state-owned Deutsche Bahn should DB Schenker be put up for sale.
This follows on from speculation in late May that DSV could be interested in the company, which was valued at the time at around EUR8 billion (US$9.3 billion) to EUR10 billion, reports London's Air Cargo News.
There are also German federal elections due to take place in September and there has been some suggestion that plans to sell the forwarder could be put forward after the vote.
However, a spokesperson for DB Schenker described the speculation as 'purely hypothetical'.
'Rumours about DB Schenker getting sold have been in the market for years now. Our very strong financial results and the upcoming federal elections in Germany give more fuel for such speculations,' the spokesperson said.
'Also, DSV's hunger for acquisitions is well known in the industry. However, as our owner currently has no plans to sell DB Schenker, any considerations are purely hypothetical.'
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