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
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(Gdansk Newsroom)