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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

Bansard and ISS in mutual representation deal thumbnail image

Bansard and ISS in mutual representation deal

July 11 - The Bansard International Group and ISS Global Forwarding have concluded a mutual representation contract that will allow the companies to benefit from each other’s networks.
Views: 1164
Emirates SkyCargo names managers thumbnail image

Emirates SkyCargo names managers

July 11 - Emirates SkyCargo has appointed Alyazeya Saeed and Fatma Ahli as cargo managers in Oman and Kuwait, respectively.
Views: 1076

Heavy Lift Across The World

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