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DSV — M&A Activity 2024
Oct 2, 2024
3363_rns_2024-10-02_35b15bb0-b449-44cd-b7ab-81b913eb93d7.pdf
M&A Activity
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Global Transport and Logistics
DSV
02 October 2024
DSV RECEIVES BOTH SELLER APPROVALS TO ACQUIRE SCHENKER
Company Announcement No. 1134
With reference to DSV's company announcement no. 1132 on 13 September 2024 DSV A/S ("DSV") has received confirmation that both conditions precedent for the seller Deutsche Bahn ("DB") have been satisfied. The transaction remains conditional on obtaining customary regulatory approvals.
DB has in accordance with the announced transaction arrangements confirmed that both the Supervisory Board of DB and the German Federal Ministry for Digital and Transport (Bundesministerium für Digitales und Verkehr) have approved the sale of Schenker AG ("Schenker") to DSV.
The transaction remains conditional on obtaining customary regulatory approvals, and completion of the transaction is expected in Q2 2025.
Jens H. Lund, CEO of DSV, comments:
"We are very pleased that Deutsche Bahn has confirmed that their two conditions for approving the sale of Schenker to DSV have been obtained. This means that we can continue our efforts to be ready for closing this transformational transaction according to the agreed plans. We thank Deutsche Bahn for professionally getting us to this stage, and we are enthusiastic about working towards creating a leading global player in the transport and logistic industry."
Contacts DSV:
Investor Relations
Stig Frederiksen, tel. +45 43 20 36 38, [email protected]
Alexander Plenborg, tel. +45 43 20 33 73, [email protected]
Media
Jonatan Rying Larsen, tel. +45 25 41 77 37, [email protected]
Yours sincerely,
DSV
DSV A/S, Hovedgaden 630, 2640 Hedehusene, Denmark, tel. +45 43 20 30 40, CVR No. 58233528, www.dsv.com.
DSV Group
We provide and manage supply chain solutions for thousands of companies every day – from the small family run business to the large global corporation. Our reach is global, yet our presence is local and close to our customers. Approximately 74,000 employees in more than 80 countries work passionately to deliver great customer experiences and high-quality services. Read more at www.dsv.com