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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

Boskalis salvages Oman tankers thumbnail image

Boskalis salvages Oman tankers

June 17 - Royal Boskalis Westminster has been contracted to salvage and recover the two tankers that were attacked in the Gulf of Oman last week.
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CargoGulf teams up with Kestrel thumbnail image

CargoGulf teams up with Kestrel

June 12 - CargoGulf is expanding its services in the UK with the appointment of Kestrel Liner Agencies as its agent in the country.
Views: 1326

Heavy Lift Across The World

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