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Private equity gets rare support from union on Schenker sale

Verdi supports CVC Capital over DSV for acquisition

Bloomberg NewsbyBloomberg News
August 30, 2024
in Freight Forwarders
Reading Time: 2 mins read
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Verdi, Germany’s most powerful labor union, is making the unusual move of backing a private equity firm’s bid for Deutsche Bahn’s planned €14 billion ($15.5 billion) sale of its DB Schenker logistics arm. After meeting with the two final suitors, Verdi estimated that 5,300 more jobs would be at risk if Deutsche Bahn were to […]

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Tags: DB SchenkerDeutsche BahnDSVPremiumtransactionsVer.di
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