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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

Volga-Dnepr in helicopter shipments thumbnail image

Volga-Dnepr in helicopter shipments

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Views: 294
JH Kemp uses Enerpac gantry in ex-press move thumbnail image

JH Kemp uses Enerpac gantry in ex-press move

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Platforms in place at Johan Sverdrup thumbnail image

Platforms in place at Johan Sverdrup

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Hegmann invests with Nooteboom thumbnail image

Hegmann invests with Nooteboom

March 25 - Germany’s Hegmann Transit, member of the BigMove group, has added Nooteboom EURO-PX low-loaders and Manoovr semi low-loaders to its fleet.
Views: 292

Heavy Lift Across The World

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