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Deutsche Post eyes takeover of Deutsche Bahn's Schenker - Manager Magazin

Reuters
FILE PHOTO: Employees work at a distribution centre of Deutsche Post DHL in Hamburg

BERLIN (Reuters) - Deutsche Post subsidiary DHL is interested in buying Schenker, the logistics subsidiary of German rail operator Deutsche Bahn, Manager Magazin reported on Thursday, citing people familiar with the matter.

The report said Schenker could be sold at a price well below 20 billion euros due to a slowdown in the logistics sector.

A spokesperson for Deutsche Post would not comment on the report. Deutsche Bahn also declined to comment on the report.

(Reporting by Matthias Inverardi and Markus Wacket; Writing by Rachel More; Editing by Madeline Chambers)