DSV clears regulatory hurdles for $16.2 billion Schenker deal

Dsv A/S

15/04/2025 06:13

COPENHAGEN, April 15 (Reuters) - Denmark's DSV DSV.CO said on Tuesday it had fulfilled all closing conditions, including getting the necessary regulatory approvals, for its 14.3 billion euro ($16.2 billion) acquisition of German rival Schenker.

DSV expects to complete the transaction on April 30, it said in a statement.

The Danish company announced the deal to buy the logistics arm of German state rail operator Deutsche Bahn in September last year. It will create the world's biggest freight forwarder.

($1 = 0.8806 euros)

 (Reporting by Stine Jacobsen; Editing by Jamie Freed)

 ((stine.jacobsen@thomsonreuters.com; +45 2156 90 10;))