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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

Former Hansa duo to lead LOC Hamburg thumbnail image

Former Hansa duo to lead LOC Hamburg

June 26 - Marine and engineering consultancy LOC has opened an office in Hamburg as it aims to develop its renewables and shipping services in Europe. 
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Dan-Czech presses ahead thumbnail image

Dan-Czech presses ahead

June 26 - Dan-Czech Specialtransport has delivered press parts from Hamburg, Germany to Sungwoo’s factory in Ostrava in the Czech Republic.
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Heavy Lift Across The World

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