Latest news from Heavy Lift & Project Forwarding International Magazine

Heavy Lift Across the World

Panalpina shareholder rejects DSV's bid

Panalpina’s largest shareholder, the Ernst Göhner Foundation, has rejected DSV’s USD4.1 billion offer to acquire the Swiss freight forwarder.

The Ernst Göhner Foundation, which holds approximately 46 percent of Panalpina’s total share capital, informed the board of directors that it does not support the current non-binding proposal from DSV.

Panalpina’s largest shareholder added that it supports the board of directors in pursuing an independent growth strategy that includes mergers and acquisitions.

A statement from Panalpina added: “According to its fiduciary duties the board of directors of Panalpina continues to carefully review the situation with its professional advisers. Further announcements will be made as appropriate.”

www.ernst-goehner-stiftung.ch

www.panalpina.com

www.dsv.com

Heavy Lift | News

EU recognises Scheuerle and Kamag thumbnail image

EU recognises Scheuerle and Kamag

April 23 - The EU Commissioner for budget and human resources, Günther Oettinger, congratulated TII Group for a combined 200 years of innovation and competence at its subsidiaries, Scheuerle and Kamag.
Views: 156
Ceva launches BRI block train thumbnail image

Ceva launches BRI block train

April 22 - Ceva Logistics North Asia has launched a block train service from China to Europe as the company looks to tap into the potential of the Belt and Road Initiative (BRI).
Views: 313
Penman joins Malin React thumbnail image

Penman joins Malin React

April 22 - Malin Group has named Graham Penman as business unit manager of its recently launched Malin React division.
Views: 2215

Heavy Lift Across The World

Discover heavy lift and project logistics industry news from around the world by region.