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DSV (DSVDC; A3 Stable/A- Neg) DB dismisses CVC attempts (unconfirmed, bbg)

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Statement below. Has put a nail in the coffin for CVC (or anyone else) bidding after-the-fact;

"Like any responsible owner, DB is selling its logistics subsidiary DB Schenker at the end of a clearly structured sales process to the party that made the highest and most attractive bid, and that was DSV. We are also obliged to do so, otherwise this would constitute illegal aid...

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Statement below. Has put a nail in the coffin for CVC (or anyone else) bidding after-the-fact;

"Like any responsible owner, DB is selling its logistics subsidiary DB Schenker at the end of a clearly structured sales process to the party that made the highest and most attractive bid, and that was DSV. We are also obliged to do so, otherwise this would constitute illegal aid...

Keep reading...Show less