Deutsche Bahn to sell DB Schenker

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According to Reuters, The German Government has agreed in principle with Deutsche Bahn to sell its Schenker logistics business.

Banking sources value Schenker between 12 and 20 billion euros ($19.97 billion), although valuation calculations will be influenced by the state of the global economy and impact from the war in Ukraine and the ongoing energy crisis.

A sale of the logistics company began following the transition to Germany’s coalition government, led by Chancellor Olaf Scholz’s Social Democrats (SPD) last year.

The supervisory board of state-owned Deutsche Bahn will approve the sale as soon as possible, potentially this year, sources told Reuters.

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