CVC would 'safeguard DB Schenker jobs and its independence'
CVC was skeptical about selling a stake in Schenker
CVC has made a commitment to "safeguard" DB Schenker's jobs and its independence, if its takeover bid is successful.
The private equity group is in exclusive talks to buy a minority stake in the logistics business from Deutsche Bahn.
CVC is also thought to be considering a full takeover of Schenker, which is the world's largest freight forwarder.
A deal would mark the end of Deutsche Bahn's ownership of Schenker, which it has owned for more than 50 years.
CVC is thought to be valuing Schenker at around €20 billion ($22 billion).
The deal would be one of the biggest private equity takeovers in Europe this year.
CVC has a good track record in the logistics sector
CVC has a good track record in the logistics sector.
In 2019, it bought a majority stake in the global logistics provider Agility.
CVC also has a stake in the UK logistics company Wincanton.
CVC's investment in Schenker would be a major boost for the company.
Schenker is already a major player in the global logistics market, and CVC's investment would help it to grow even further.
Concerns about Schenker's independence
There are some concerns about Schenker's independence if CVC takes a stake in the company.
Deutsche Bahn is a government-owned company, and Schenker is seen as a strategic asset for Germany.
There are concerns that CVC could sell Schenker to a foreign company, or that it could cut jobs at the company.
CVC has said that it is committed to safeguarding Schenker's independence and its jobs.
However, it remains to be seen whether CVC will keep its promises.
The future of Schenker
The future of Schenker is uncertain.
If CVC takes a stake in the company, it is likely to change the way that Schenker is run.
It is also possible that CVC could sell Schenker to another company.
However, Schenker is a valuable asset, and it is likely to remain a major player in the global logistics market for many years to come.
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