Why China's port giants are sitting out the big M&A cycle
Avoiding the post-mortem
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The shares of GXO Logistics shot up yesterday on the stock market as reports did the rounds that a sale of the world’s largest, listed, pure-play contract-logistics (CL) firm could be on the cards.
That wasn’t part of our recent M&A landscape coverage that focused on deal-making in forwarding, when we wrote ’Nothing chunky to buy, lots to break up’. But we wondered earlier this year what the future may hold for GXO ownership.
Conveniently for the pure-play CL firm from Greenwich, ...
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