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.
