Danish firm DSV has secured a deal to buy Schenker, the logistics unit of German state railway Deutsche Bahn (DB).

The deal, signed on Friday, values Schenker at €14.3bn, with €11.3bn of equity.

Friday’s announcement marks the largest sale in DB’s history and will make DSV the world’s biggest logistics firm.

DSV said it will finance the purchase through a share sale of as much as €5bn and debt financing.

“The acquisition of Schenker is a transformative transaction for DSV,” said the Danish company in a statement on Friday.

“Together, DSV and Schenker will have a combined revenue of DKK 293bn… and a joint workforce of around 147,000 employees across more than 90 countries,” it continued.

That’s a combined revenue of around €39.26bn.

Richard Lutz, CEO of Deutsche Bahn, added: “It has been important for us to find a strong partner for Schenker and a long-term home for the employees of the company.”

He noted that the sale provides DB’s logistics subsidiary “with clear growth prospects”.

DB is looking to sell Schenker, its most profitable division, to unlock investment for its domestic passenger business and reduce its debt.

The choice of buyer, however, will come as a disappointment to some.

Private equity firm CVC Capital Partners was also bidding for Schenker, proposing that DB could retain a 24.9% stake.

Although the offer from CVC was allegedly lower, the powerful Verdi union supported this bid, as they believed it would result in fewer job cuts.

DSV’s Chief Financial Officer Michael Ebbe told Reuters it planned to axe between 1,600 and 1,900 positions out of Schenker’s German workforce of 15,000.

Ebbe stressed, however, that the merged firm will build up employee numbers over a period of five years, so that German staff numbers will exceed current levels.

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DSV will also spend an extra €10m in extra compensation to appease unions, according to Ebbe.

The deal is expected to be closed in the second quarter of 2025, subject to regulatory approval.

Deutsche Bahn’s supervisory board and the German transport ministry must also give the acquisition the green light, expected in the coming weeks.

JERUSALEM (AP) — A long-range missile fired from Yemen landed in an open area in central Israel early Sunday, the Israeli military said.

The early morning attack triggered air raid sirens, including at Israel’s international airport, but there were no immediate reports of casualties or damage. The military said the sound of explosions in the area came from interceptors.

Israeli media aired footage of passengers racing to safe rooms at Ben Gurion International Airport and taking cover on a train. They also showed images of a fragment that landed on an escalator in a train station in the central town of Modiin.

Yemen’s Iran-backed Houthi rebels have repeatedly fired drones and missiles toward Israel since the start of the war in Gaza but nearly all of them have been intercepted over the Red Sea.

In July, an Iranian-made drone launched by the Houthis struck Tel Aviv, killing one person and wounding 10 others. Israel responded with a wave of air strikes on Houthi-held areas of Yemen.

The Houthis have also repeatedly attacked commercial shipping in the Red Sea, in what the rebels portray as a blockade on Israel in support of the Palestinians. Most of the targeted ships have no connection to Israel.

The nearly yearlong war in Gaza, which began with Hamas’ Oct. 7 attack into southern Israel, has rippled across the region, with Iran and allied militant groups attacking Israeli and U.S. targets and drawing retaliatory strikes from Israel and its Western allies.

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Find more of AP’s coverage at https://apnews.com/hub/israel-hamas-war

A 45-year-old man hiking alone in Alberta, Canada, was mauled by a bear late Friday morning, the Royal Canadian Mounted Police (RCMP) confirmed to Fox News Digital Saturday. 

The unnamed hiker from Calgary was in a remote part of Crowsnest Pass near Window Mountain Lake around 11:19 a.m., when the attack happened, leaving him with extensive injuries, RCMP public information officer Cst. Cory Riggs confirmed to Fox News Digital.

RCMP at Crowsnest Pass responded after receiving an emergency SOS activation from the hiker on the Great Divide Trail after the attack. 

WATCH: ANGRY BEAR ATTACKS TRAINER DURING PERFORMANCE IN FRONT OF HUNDREDS OF TERRIFIED CHILDREN, PARENTS

The man was taken to a hospital to be treated for his injuries, RCMP said in a release. 

Crowsnest Fire Rescue, Fish and Wildlife, Search and Rescue and STARS air ambulance assisted police in the man’s rescue.

“No matter what your experience level is, while exploring the wilderness, SOS devices are an essential tool for anyone who may find themselves in an emergency situation,” the release said. “It is the most reliable way to call for help after sustaining an injury in an isolated area. Always make sure that you notify others of your planned route, along with your time of departure and approximate return.”

DISABLED VETERAN WHO SURVIVED ATTACK BY GRIZZLY BEAR RECALLS WHEN INSTINCTS KICKED IN

The man was hiking in a remote part of Crownest Pass when he was attacked.  (Reuters/Patrick Price)

RCMP didn’t specify what type of bear attacked the man. It was likely a grizzly or a black bear, according to the CBC. 

Two weeks earlier, a man was attacked by a female grizzly in Calgary, CBC reported. 

On Sept.1, a hunter in Idaho was bitten by a grizzly in the Caribou-Targhee National Forest. 

A man was attacked by an unspecified type of bear in a remote part of Alberta, Canada. (State of Louisiana Department of Wildlife and Fisheries/Handout via Reuters  )

The attack was “like playing tug of war with your dog, but he was playing it with my arm and ripping it apart,” hunter Riley Hill said afterward. 

Doctors estimate it will take two months for him to recover.