Deutsche Bahn Calls CVC’s Last-Attempt Schenker Bids ‘Inferior’

Deutsche Bahn AG said bids submitted after the deadline by private equity fund CVC Capital Partners Plc. remain “inferior” to the winner’s offer, the latest twist in the €14.3 billion ($16 billion) battle for its logistics unit.

Denmark’s DSV A/S agreed on Sept. 13 to buy DB Schenker in a deal that would create the world’s largest freight-forwarder. But the transaction is still pending final approvals from Deutsche Bahn as well as the German state, and at least one local labor union has since objected to DSV’s takeover. Meanwhile CVC, which lost out in the final stage, has tried to ...