Maersk to 'look into' DB Schenker acquisition option: Clerc
MAERSK CEO Vincent Clerc stated that it would be "irresponsible" for their company not to contemplate a potential acquisition of DB Schenker, reports New York's Journal of Commerce.
This consideration comes after the forwarder was formally put on the market in December by its parent company, Deutsche Bahn.
"Our strategy is very clear - we need to diversify our revenue streams and our earnings streams towards the more stable and less volatile part of the supply chain, which is pretty much anything outside ocean," said Mr Clerc.
"In that respect, having something like a DB Schenker coming on the market is definitely something that Maersk cannot simply say 'we're not even going to look at it,"
"It would be irresponsible of us not to look into that, and then we'll have to see where this goes." said Mr Clerc.
Mr Clerc stated the sale price would also be a factor since Analysts have estimated DB Schenker could come with a price tag of up to US$20 billion.
source:Schednet
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