A PYMNTS Company

Denmark: DSV makes unsolicited US$4B bid for Panalpina

By  |  January 16, 2019

Denmark’s DSV has made a US$4.1 billion takeover approach to Swiss rival Panalpina to try to close the gap on the world’s top three freight transport companies.

    Get the Full Story

    Complete the form to unlock this article and enjoy unlimited free access to all PYMNTS content — no additional logins required.

    yesSubscribe to our daily newsletter, PYMNTS Today.

    By completing this form, you agree to receive marketing communications from PYMNTS and to the sharing of your information with our sponsor, if applicable, in accordance with our Privacy Policy and Terms and Conditions.

    Logistics companies are looking to build scale in a fragmented freight transport market. DSV’s approach to Panalpina comes just months after it failed in an attempt to buy Switzerland’s Ceva Logistics.

    Panalpina announced it had received an unsolicited, non-binding proposal from DSV of 170 Swiss francs per share (US$171.68). It added it would consider the cash and shares proposal, which values it at about 4 billion francs (US$4.1 billion), despite saying recently it aimed to remain independent.

    Full Content: Financial Times

    Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.