Deutsche Bahn has narrowed the number of potential buyers of its freight forwarding subsidiary DB Schenker down to four, which have been invited to make binding offers.

DB Schenker bidders narrowed to four

According to Reuters, and subsequently reported by HLPFI’s sister publication Air Cargo News, Maersk, DSV, Bahri, and a private equity consortium led by CVC will have the opportunity to make a binding offer for the forwarder.

Reuters said that the initial bids for the forwarder were between EUR14 billion (USD15.2 billion) and more than EUR15 billion (USD16.3 billion).

The private equity bid led by CVC also includes Abu Dhabi Investment Authority (ADIA) and GIC, a subsidiary of Singapore’s state-owned investment company Temasek.

Deutsche Bahn announced at the end of last year that the forwarder was up for sale as it looks to reduce debts.