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DSV ups Panalpina bid as Agility enters the fray

Panalpina’s board of directors confirmed that it has received a revised, non-binding proposal from DSV to acquire the company at a price of CHF180 (USD178.9) per share, all in cash.

Earlier this month, HLPFI reported that Panalpina’s largest shareholder, the Ernst Göhner Foundation, rejected a USD4.1 billion offer from DSV to acquire the Swiss freight forwarder.

Panalpina also responded to media reports and confirmed that it is in early stage discussions with Kuwait-headquartered logistics services provider, Agility, regarding “potential strategic opportunities with regard to their respective logistics businesses”.

www.ernst-goehner-stiftung.ch

www.panalpina.com

www.dsv.com

www.agility.com

Heavy Lift | News

Kässbohrer on display at bauma thumbnail image

Kässbohrer on display at bauma

March 22 - Kässbohrer is showcasing its range of lowbed trailers at the bauma 2019 exhibition, which takes place between April 8-14 in Munich.
Views: 353
Elbe Project Cargo Line launched thumbnail image

Elbe Project Cargo Line launched

March 22 - Sächsische Binnenhäfen Oberelbe, in cooperation with Deutsche Binnenreederei, launched the Elbe Project Cargo Line (EPCL) – a liner service for oversize and heavy project cargoes.
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Dan-Czech moves passenger bridges thumbnail image

Dan-Czech moves passenger bridges

March 22 - Dan-Czech Specialtransport has moved two passenger boarding bridges, measuring 21.5 m in length, from the port of Hamburg in Germany to Prague Airport.
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Heavy Lift Across The World

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