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DSV (DSVDC; A3/A-; S) DSV reported finalist in ~€14b bid for DB Schenker

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More colour from Reuters; "CVC's long term plan is to list the business on the Frankfurt Stock Exchange, one of the people said."


Does seem like CVC is trying to appease the German Government here - Bloomberg earlier reported that it had pledged to keep the DB Schenker brand in place and the headquarters in Germany.


Also correction to above; alternative €16b offer from CVC includes Gov. taking a 25% stake. We said 25% for €3b but that mention seems to have been taken out on sources piece. Without any amounts implies €4b gov. would need to fork out for stake/at no discount.

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