15.02.2019
Artikel Nummer: 26464
Panalpina in contact with Agility
The board of directors of Panalpina has confirmed media reports that it is in discussions with the Agility Group on potential strategic opportunities for their respective logistics businesses. The discussions between the two companies are at a preliminary stage.
According to its fiduciary duties, Panalpina's board of directors is continuing to review the approach by DSV in collaboration with its advisers.
This would appear to point towards the board not being averse to selling the corporation. It remains to be seen which company will win the race and whether Agility and DSV are prepared to enter a bidding war. (mw)