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Blockbuster DB Schenker sale in a tight spot

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In corporate finance, purely from a seller’s perspective, to ask suitors to shell out top dollar at a time when your core operating cash flows are falling fast – even if momentarily, for whatever reason – is damn tricky.

I guess we all agree on that.

Enter DB Schenker (DBS), the Deutsche Bahn-owned 3PL that has been on the market seemingly forever.

Our sources remain tight-lipped, yet its valuation, long rumoured to be in the €15bn-equity-value ballpark is likely the best case in …

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