The world's largest cargo generation company is about to be generated!
- Author:sofreight.com
- Source:sofreight.com
- Release Date:2024-05-10
Recently, the German government issued a signal again, suggesting that it will be privatized for the Deutsche Bahn's logistics company DB SCHENKER.
The world's largest cargo generation company is about to be generated!
Image source: db schenker
Seller's research and brokerage company Bernstein Research said that the current three major logistics group companies DSV, Kuehne + Nagel, and German postal Deutsche Post are the three most likely three buyers, and no matter whoever takes over, the newly consolidated new new takes over, the newly combined new newly takes over, the newly combined new newly takes over, the new newly consolidated new newly connected, the newly merged new newly connected, the newly merged new newly took over, the newly combined new newly took over, the newly combined new newly took over, the newly merged new newly took over, the newly combined new newly took over, the newly merged new newly took over, the new newly took over.Companies will become the world's largest air transport and shipping logistics company.
In addition, Bernstein also said that Mascia also has the strength to acquire this acquisition, but it may not participate in the transaction subjectively.
According to the German media "Handelsblatt", the plan to sell DB SCHenker has been put on the political agenda before, but it has not been put into action, but the government has now turned on a green light for privatization.
HandelsBlatt reported that one of the main reasons for the DB SCHenker was to reduce interest burden for the parent company Deutsche Bahn, the parent company of debt.
It is said that the state -owned enterprise debt exceeds 30 billion euros and urgently needs funds.
HandelsBlatt recently quoted an anonymous government sources saying, "" The decision to strip DB SCHenker has been confirmed, and it is a certain thing to be traded. "It's right.
The report also said, "The issue of selling DB SCHenker will be included in the agenda of a government committee, which will meet at the end of September. Then, according to the previous plan, a new chairman of the board of supervisors will be appointed.
Bernstein's analysts said that the current potential acquisitions are the three major logistics giants, DSV, Deutsche Post, and Kuehne + Nagel. No matter who finally acquired DB SCHENKER, it will give the global logistics industry.The pattern has brought tremendous changes.
Bernstein European traffic analyst Alexander Irving said. "Whether it is the above three logistics companies who acquired DB SCHenker, they will create a world -famous shipping and air -transport freight logistics company.
Irving preliminary analysis stated that from pure business point of view, DSV is the most likely candidate buyer, and German Post is the best political choice, while Kuehne Nagel is a younger buyer.
It said that DSV should be a candidate company currently in the leading position, because the company has proven the efficiency of growth through acquisitions and will be able to use the synergy effect produced by the acquisition of DB SCHenker.
And DSV also has sufficient acquisition power.Irving said, "DSV has been seeking transformation transactions: the business scale is about half of its scale, and the profitability is much lower than that of DSV itself. Therefore, the benefits brought by the completion of the acquisition are extremely beneficial to both parties."
In addition, DSV operates a streamlined, unified and decentralized organization, which enables the acquired companies to work at the level of DSV."This will make DSV the most likely to reach a consensus buyer in DB SCHENKER -large scale and coordinated potential," Irving concluded.
Bernstein believes that if DSV acquires DB SCHenker, then the transaction price of 16 billion euros is reasonable.
However, if you consider other, such as political factors, if the transaction is facing some political pressure or considering German labor employment or German business interests, German Post may be the most criticized to be criticized for transactions to be less criticized.Good choice.
Bernstein believes that DB SCHENKER's business value to Germany is different from DSV.But on the other hand, the German government, which has one -fifth of German Postal, will still retain some of the equity of DB SCHenker, which can also benefit from the final synergy effect.
In addition, German Post may not seek synergistic effects as DSV, which means that more jobs will be retained.
Irving said: "Although the DSV is a leading business in business, it is a leading position due to the greatest collaborative potential, but if it is added with political considerations -the protection of employment positions and the promotion of German joint -stock companies -it may allow Germany to make Germany in GermanyThe postal company wins. "
The only problem is that German Post's experience in acquisitions is not rich.
"Since the acquisition of EXEL in the mid -2000s, Germany Post has never tried a large -scale mergers and acquisitions. DB SCHENKER is a huge acquisition target. Although the collaborative potential exists, the group's risk of long -term integration also exists."
According to Bernstein, Kuehne + Nagel is also a "one of the best potential buyers" of Germany, because the two companies will complement each other.
However, Irving still believes that Kuehne + Nagel is unlikely to be a buyer because the group's main shareholder Klaus-Michael Kühne is considered very cautious in major acquisitions.
Matsky also has a powerful acquisition in terms of financial resources, but Irving believes that the size of DB SCHenker is 5-10 times that of any company acquired by Mascia so far, and integrating it will be a nightmare."Therefore, Matsky is the most impossible for this acquisition." Irving finally said.
The world's largest cargo generation company is about to be generated!
Image source: db schenker
Seller's research and brokerage company Bernstein Research said that the current three major logistics group companies DSV, Kuehne + Nagel, and German postal Deutsche Post are the three most likely three buyers, and no matter whoever takes over, the newly consolidated new new takes over, the newly combined new newly takes over, the newly combined new newly takes over, the new newly consolidated new newly connected, the newly merged new newly connected, the newly merged new newly took over, the newly combined new newly took over, the newly combined new newly took over, the newly merged new newly took over, the newly combined new newly took over, the newly merged new newly took over, the new newly took over.Companies will become the world's largest air transport and shipping logistics company.
In addition, Bernstein also said that Mascia also has the strength to acquire this acquisition, but it may not participate in the transaction subjectively.
According to the German media "Handelsblatt", the plan to sell DB SCHenker has been put on the political agenda before, but it has not been put into action, but the government has now turned on a green light for privatization.
HandelsBlatt reported that one of the main reasons for the DB SCHenker was to reduce interest burden for the parent company Deutsche Bahn, the parent company of debt.
It is said that the state -owned enterprise debt exceeds 30 billion euros and urgently needs funds.
HandelsBlatt recently quoted an anonymous government sources saying, "" The decision to strip DB SCHenker has been confirmed, and it is a certain thing to be traded. "It's right.
The report also said, "The issue of selling DB SCHenker will be included in the agenda of a government committee, which will meet at the end of September. Then, according to the previous plan, a new chairman of the board of supervisors will be appointed.
Bernstein's analysts said that the current potential acquisitions are the three major logistics giants, DSV, Deutsche Post, and Kuehne + Nagel. No matter who finally acquired DB SCHENKER, it will give the global logistics industry.The pattern has brought tremendous changes.
Bernstein European traffic analyst Alexander Irving said. "Whether it is the above three logistics companies who acquired DB SCHenker, they will create a world -famous shipping and air -transport freight logistics company.
Irving preliminary analysis stated that from pure business point of view, DSV is the most likely candidate buyer, and German Post is the best political choice, while Kuehne Nagel is a younger buyer.
It said that DSV should be a candidate company currently in the leading position, because the company has proven the efficiency of growth through acquisitions and will be able to use the synergy effect produced by the acquisition of DB SCHenker.
And DSV also has sufficient acquisition power.Irving said, "DSV has been seeking transformation transactions: the business scale is about half of its scale, and the profitability is much lower than that of DSV itself. Therefore, the benefits brought by the completion of the acquisition are extremely beneficial to both parties."
In addition, DSV operates a streamlined, unified and decentralized organization, which enables the acquired companies to work at the level of DSV."This will make DSV the most likely to reach a consensus buyer in DB SCHENKER -large scale and coordinated potential," Irving concluded.
Bernstein believes that if DSV acquires DB SCHenker, then the transaction price of 16 billion euros is reasonable.
However, if you consider other, such as political factors, if the transaction is facing some political pressure or considering German labor employment or German business interests, German Post may be the most criticized to be criticized for transactions to be less criticized.Good choice.
Bernstein believes that DB SCHENKER's business value to Germany is different from DSV.But on the other hand, the German government, which has one -fifth of German Postal, will still retain some of the equity of DB SCHenker, which can also benefit from the final synergy effect.
In addition, German Post may not seek synergistic effects as DSV, which means that more jobs will be retained.
Irving said: "Although the DSV is a leading business in business, it is a leading position due to the greatest collaborative potential, but if it is added with political considerations -the protection of employment positions and the promotion of German joint -stock companies -it may allow Germany to make Germany in GermanyThe postal company wins. "
The only problem is that German Post's experience in acquisitions is not rich.
"Since the acquisition of EXEL in the mid -2000s, Germany Post has never tried a large -scale mergers and acquisitions. DB SCHENKER is a huge acquisition target. Although the collaborative potential exists, the group's risk of long -term integration also exists."
According to Bernstein, Kuehne + Nagel is also a "one of the best potential buyers" of Germany, because the two companies will complement each other.
However, Irving still believes that Kuehne + Nagel is unlikely to be a buyer because the group's main shareholder Klaus-Michael Kühne is considered very cautious in major acquisitions.
Matsky also has a powerful acquisition in terms of financial resources, but Irving believes that the size of DB SCHenker is 5-10 times that of any company acquired by Mascia so far, and integrating it will be a nightmare."Therefore, Matsky is the most impossible for this acquisition." Irving finally said.