Denmark's DSV has agreed to buy Schenker, the logistics arm of German state rail operator Deutsche Bahn, for 14.3 billion euros ($15.85 billion) in a deal that would make it the world's biggest ...

Danish logistics company DSV said it would buy Deutsche Bahn’s logistics arm in a deal that values the business at nearly $16 billion. Photo: mads claus rasmussen/Agence France-Presse/Getty Images.

DSV A/S won approval to buy Deutsche Bahn AG’s logistics unit for €14.3 billion ($15.8 billion), overcoming resistance from German labor unions and late attempts by a rival bidder to derail the deal.

COPENHAGEN/BERLIN (Reuters) - Denmark's DSV has agreed to buy Schenker, the logistics arm of German state rail operator Deutsche Bahn, for 14.3 billion euros ($15.85 billion) in a deal that would ...