DSV to Kick Off Bond Sale Early to Finance €14 Billion Deal (1)

Danish transport company DSV A/S will start a large bond sale as soon as this year to help pay for its €14.3 billion takeover ($15.4 billion) of DB Schenker ahead of an expected completion in 2025.

That’s according to DSV’s chief financial officer, who says the group will soon issue four to five bonds with different maturities even though the acquisition isn’t expected to close until the second quarter of next year.

“We want to have a maximum flexibility, so we’re financing the deal through the three elements: shares, bonds and bank debt,” CFO Michael Ebbe said in a phone ...