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.

On Wednesday, 2nd October, the Deutsche Bahn (DB) supervisory board is expected to vote on the proposed sale of its logistics subsidiary, DB Schenker, to Danish competitor DSV. However, the sale is facing resistance from the railway and transport union EVG, potentially jeopardising the transaction.

A union representing Deutsche Bahn workers will seek to block the agreed-upon  €14.3 billion ($16 billion) sale of subsidiary DB Schenker to Danish freight firm DSV A/S, the Frankfurter Allgemeine Zeitung newspaper reported.

A Deutsche Bahn AG labor union will try to block the agreed €14.3 billion ($16 billion) sale of subsidiary DB Schenker to Danish freight firm DSV A/S, Frankfurter Allgemeine Zeitung reported.

BERLIN: A Deutsche Bahn AG labour union will try to block the agreed €14.3bil (US$16bil) sale of subsidiary DB Schenker to Danish freight firm DSV A/S, Frankfurter Allgemeine Zeitung reported.