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Danish firm DSV has secured a deal to buy Schenker, the logistics unit of German state railway Deutsche Bahn (DB). The deal, signed on Friday, values Schenker at €14.3bn, with €11.3bn of equity. Friday’s announcement marks the largest sale in DB’s history and will make DSV the world’s biggest logistics firm. DSV said it will finance the purchase through a share sale of as much as €5bn and debt financing. “The acquisition of Schenker is a transformative transaction for DSV,” said the Danish company in a statement on Friday. “Together, DSV and Schenker will have a combined revenue of DKK 293bn… …

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