In a statement made by German Railways, it was stated that DSV ⁇ 's 14.3 billion euro offer for Schenker was accepted.
The acquisition is expected to be completed in the second quarter of next year, after obtaining the necessary permits.
German Railways also announced that the deal is worth 14.8 billion euros, including the expected interest income until the sale is completed.
German Railways, which has a debt of 33 billion euros, put Schenker ⁇ i on sale last year to focus on the main railway business and reduce its debt, after criticism with the increase in delays in trains in Germany.
The acquisition was the largest ever made by a Danish company.
DSV employs approximately 75,000 people worldwide. The Danish company wants to further strengthen its operations in Europe with the acquisition of the German company.
Headquartered in Essen, Schenker ⁇ in has 72,700 employees in more than 130 countries.
DSV announced that the acquisition will be financed by approximately 5 billion euros in share sales and debts.
"The sale of ⁇ Schenker ⁇ is an important step in this direction," German Transport Minister Volker Wissing said in a statement, noting that ⁇ German Railways focuses on railway transportation in Germany, which is the main business of ⁇ Schenker ⁇ .
