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DSV Panalpina mulling bid for Deutsche Bahn's Schenker - Manager Magazin

BERLIN, May 19 (Reuters) - Several logistics firms including DSV Panalpina are considering making a bid for Deutsche Bahn’s logistics unit Schenker, Manager Magazin reported on Wednesday, citing industry sources.

The magazine said that the railway operator was planning to divest from its subsidiary after a national election due in Germany in September. It added that the unit was worth 8 to 10 billion euros.

Deutsche Bahn, which has previously always said it has no plans to sell Schenker, did not immediately respond to an emailed request for comment on this latest report.

Reporting by Riham Alkousaa, editing by Thomas Escritt

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