Maersk withdraws from DB Schenker sales process

FILE PHOTO: Containers are seen on the Maersk's Triple-E giant container ship Majestic Maersk, one of the world's largest container ships, next to cranes at the APM Terminals in the port of Algeciras, Spain January 20, 2023. REUTERS/Jon Nazca/File Photo

COPENHAGEN (Reuters) - Danish shipping company Maersk said on Monday it had withdrawn from a DB Schenker sales process after a review identified challenges regarding the integration into its business.

German state rail operator Deutsche Bahn last year launched a sales process for its logistics arm and Maersk has previously said it was considering buying it.

"Our investigation confirmed DB Schenker as an interesting company ... But the in-depth review also identified areas of challenges from an integration perspective," CEO Vincent Clerc said in a statement.

"Ultimately, we concluded that acquiring DB Schenker would not be the right thing to do for our business at this time".

(Reporting by Stine Jacobsen, editing by Anna Ringstrom)