DB Management Board signs agreement to sell DB Schenker to DSV
NewsThe Management Board of Deutsche Bahn signed an agreement to sell its subsidiary DB Schenker to Danish company DSV for € 14.3 billion.
The Saudi Arabia Red Sea port of NEOM and Denmark-based DSV are establishing a joint venture and investing approximately US$10B in it. The company will be responsible for developing new logistics and integrated cargo processing facilities for the port which is undergoing a massive expansion programme and is set to become one of the country’s largest container handling complexes.
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