DSV gains $26 billion on takeover rumors

Following unconfirmed reports that DSV won the bidding war to acquire German logistics company DB Schenker, DSV’s share price rose by 10.04 percent, increasing the company’s value by over 26 billion Danish kroner. This surge in value brings DSV closer to a total worth of 300 billion kroner. Sources suggest that a preliminary contract worth about 14 billion euros, approximately 105 billion kroner, could be signed in the coming days, potentially marking one of the largest acquisitions in Danish corporate history. The acquisition could elevate DSV to the world’s largest logistics company. Neither DSV nor DB Schenker’s owner Deutsche Bahn has confirmed the information. Notably, DSV’s stock was temporarily halted on Thursday morning due to intense trading activity. Competitors such as CVC Capital Partners and previously Mærsk showed interest in DB Schenker, but concerns over the integration process led Mærsk to withdraw.