CVC Willing to Bump €14 Billion Schenker Bid After Losing to DSV.

CVC Capital Partners Plc has expressed its willingness to increase its €14 billion offer for Deutsche Bahn AG's logistics unit, DB Schenker, after losing the bidding to Danish company DSV A/S. In a letter to Deutsche Bahn's supervisory and management board, CVC outlined why it believes its offer is superior and called for a fair and transparent process. DSV has already signed an agreement to acquire DB Schenker, pending approval from Deutsche Bahn's supervisory board. Job preservation in Germany has been a key consideration in the negotiations, with the labor union Verdi backing CVC's bid. [Extracted from the article]