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PB: FedEx closes in on Hermes deal

FDX: ABOUT USPS PRIVATISATIONFDX: CCO VIEWFDX: LOWER GUIDANCE FDX: DISRUPTING AIR FREIGHTFDX: FOCUS ON KEY VERTICALFDX: LTL OUTLOOKGXO: NEW LOW LINE: NEW LOW FDX: INDUSTRIAL WOESFDX: HEALTH CHECKFDX: TRADING UPDATEWMT: GREEN WOESFDX: FREIGHT BREAK-UPFDX: WAITING FOR THE SPINHON: BREAK-UP ALLUREDSV: BREACHING SUPPORTVW: BOLT-ON DEALAMZN: TOP PICK

FDX: ABOUT USPS PRIVATISATIONFDX: CCO VIEWFDX: LOWER GUIDANCE FDX: DISRUPTING AIR FREIGHTFDX: FOCUS ON KEY VERTICALFDX: LTL OUTLOOKGXO: NEW LOW LINE: NEW LOW FDX: INDUSTRIAL WOESFDX: HEALTH CHECKFDX: TRADING UPDATEWMT: GREEN WOESFDX: FREIGHT BREAK-UPFDX: WAITING FOR THE SPINHON: BREAK-UP ALLUREDSV: BREACHING SUPPORTVW: BOLT-ON DEALAMZN: TOP PICK

selling buying © Bota Zsolt
© Bota Zsolt
By

PITCHBOOK writes:

FedEx is nearing a deal to acquire a stake in German peer Hermes, according to Handelsblatt.

The US group is reportedly looking for a strategic partner to grow its European parcel delivery presence. 

Advent International is reportedly in the running to buy a holding in Hermes’ UK operations.

The company is part of the Otto Group.

You may also be interested in this: “FedEx to buy stake in Hermes?”.

This: FedEx named as suitor for German parcel company.

And this: FedEx could take stake in German delivery firm.

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