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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

Mammoet strengthens UAE capabilities thumbnail image

Mammoet strengthens UAE capabilities

March 21 - Heavy lifting and transport specialist Mammoet has bolstered its presence in Abu Dhabi on the back of “an influx” of investment in the UAE’s oil and gas, power, water and transportation sectors.
Views: 605
GMTC in re-export project thumbnail image

GMTC in re-export project

March 19 - Kuwait-based Gulf Maritime General Trading & Contracting (GMTC) has coordinated the re-export of 3,000 tonnes of out-of-gauge cargo (OOG) from Kuwait to Bangladesh.
Views: 861
Roll Group awarded Total contract thumbnail image

Roll Group awarded Total contract

March 14 - Roll Group has secured a contract to transport 24 modules for Total’s ethane cracker project in the USA.
Views: 1499

Heavy Lift Across The World

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