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

 |  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.

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

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