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Danish logistics company DSV has struck a deal to buy DB Schenker, the logistics subsidiary of Germany’s rail operator Deutsche Bahn, for €14.3 billion ($15.8 billion), the two companies said on Friday. While state-owned Deutsche Bahn faces financial troubles, DB Schenker – which has around 72,700 employees in more than 130 countries – has performed well when it comes to its bottom line. Deutsche Bahn said on Friday that it intends to use the proceeds from the sale to cut its debt and improve the “financial sustainability” of the firm. The sale to DSV is due to be concluded during the course o…

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