Today the agreement for the sale of the DB Schenker, the logistics company of the railway group Deutsche Bahn, to the Danish logistics group DSV for an amount of 14.3 billion euros, which is expected to rise to 14.8 billion euros billion with the expected interest income. The agreement, which is subject to the green light of Deutsche's supervisory board Bahn and the German Federal Government, it is believed to be completed over the next year.

Announcing the agreement, the DB group announced that the new DB Schenker has plans to invest around one billion euros in Germany over the next 3-5 years. In addition, DB highlighted that five years from now the DSV group will have a higher number of employees in Germany than in the current overall one of DB Schenker and DSV. The agreement includes social clauses to safeguard jobs for a period of time two years after the completion of the transaction. DB has confirmed that the proceeds from the sale will be used by the German railway group to reduce its indebtedness. For its part, DSV has announced that it will finance the acquisition both through own funds, for about 4-5 billion, and with the use of external funding.

With the acquisition of DB Schenker, DSV's annual revenues, on the based on the data of the 2023 budget, will rise to about 39.3 billion compared to DKK 150.8 billion (DKK 20.2 billion) euros) registered by the group in 2023 and the company will employ to a total of about 147 thousand people (of which 72,700 from DB Schenker) in 90 countries.