GERMAN national railway deutsche Bahn is preparing for the sale of sale or listing of its DB Schenker logistics unit, valued at EUR20 billion (US$23 billion), reports Bloomberg.
The joint stock company, in which the government is the largest shareholder, is considering options that include a full or majority stake sale, to the potential disposal of a minority holding.
Schenker, like other transport and logistics firms, has gained in value during the Covid-19 pandemic, according to sources.
Even though the German government hasn't made a final decision on whether to pursue a sale, buyout firms are gathering. Carlyle Gro and CVC Capital Partners are in talks to team up on a bid, while Advent International and Bain Capital as well as Blackstone may also seek to team up.
Schenker could also attract rival logistics companies. Danish transport giant DSV would be interested in buying DB Schenker if the German state decides to sell, said DSV chief financial officer Jens Lund.
Other potential suitors in that space could include Germany's Deutsche Post and Kuehne & Nagel of Switzerland.
Representatives for Advent, Blackstone, Carlyle, CVC, Kuehne & Nagel and the German finance ministry declined to comment. A spokeswoman for Deutsche Bahn said a decision hasn't been made yet and declined to comment further.
The chances of Germany's government selling state-owned assets and company stakes increased after the three-party coalition agreed late last year to name Christian Lindner of the pro-business Free Democrats as finance minister. He'll have to win over Chancellor Olaf Scholz's Social Democrats, who rely strongly on union voters, as well as the Greens.
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The joint stock company, in which the government is the largest shareholder, is considering options that include a full or majority stake sale, to the potential disposal of a minority holding.
Schenker, like other transport and logistics firms, has gained in value during the Covid-19 pandemic, according to sources.
Even though the German government hasn't made a final decision on whether to pursue a sale, buyout firms are gathering. Carlyle Gro and CVC Capital Partners are in talks to team up on a bid, while Advent International and Bain Capital as well as Blackstone may also seek to team up.
Schenker could also attract rival logistics companies. Danish transport giant DSV would be interested in buying DB Schenker if the German state decides to sell, said DSV chief financial officer Jens Lund.
Other potential suitors in that space could include Germany's Deutsche Post and Kuehne & Nagel of Switzerland.
Representatives for Advent, Blackstone, Carlyle, CVC, Kuehne & Nagel and the German finance ministry declined to comment. A spokeswoman for Deutsche Bahn said a decision hasn't been made yet and declined to comment further.
The chances of Germany's government selling state-owned assets and company stakes increased after the three-party coalition agreed late last year to name Christian Lindner of the pro-business Free Democrats as finance minister. He'll have to win over Chancellor Olaf Scholz's Social Democrats, who rely strongly on union voters, as well as the Greens.
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