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BRIEF-DSV Signs Agreement To Acquire Schenker
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BRIEF-DSV Signs Agreement To Acquire Schenker
Sep 14, 2024 5:53 AM

Sept 13 (Reuters) - DSV A/S ( DSDVF ):

* DSV SIGNS AGREEMENT TO ACQUIRE SCHENKER

* DSV, 1132 - DSV SIGNS AGREEMENT TO ACQUIRE SCHENKER

* TRANSACTION VALUES SCHENKER AT EUR 14.3 BILLION

(APPROXIMATELY

DKK 107 BILLION)

* TOGETHER, DSV AND SCHENKER WILL HAVE A COMBINED REVENUE OF

DKK

293 BILLION

* SIGNED AN AGREEMENT WITH DEUTSCHE BAHN TO ACQUIRE 100% OF

SCHENKER AG

* TRANSACTION EXPECTED TO COMPLETE IN Q2 2025

* DISCONTINUES DKK 1.5 BILLION SHARE BUYBACK PROGRAMME

* EXPECTS TO FINANCE TRANSACTION DURING NEXT 12 MONTHS

THROUGH A

COMBINATION OF EQUITY FINANCING OF AROUND EUR 4-5 BILLION AND

DEBT FINANCING

* TO ACQUIRE 100% OF SCHENKER AG IN ALL-CASH DEAL

* TRANSACTION IS EXPECTED TO BE EPS ACCRETIVE IN YEAR 2

AFTER

CLOSING OF TRANSACTION

* TRANSACTION IS NOT EXPECTED TO HAVE AN IMPACT ON DSV'S

RESULTS

IN 2024

* 2024 GUIDANCE REMAINS UNCHANGED

Source text for Eikon:

Further company coverage:

(Gdansk Newsroom)

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