HutchWatch: Panama pain and PSA plans – where we stand
Predictions
Consolidation in the highly fragmented forwarding and logistics industry is on everyone’s lips right now. Lack of growth and cheap funding are boosting M&A prospects.
Following last week’s rumours that market leader DP-DHL is considering the sale of its Global Forwarding unit to Japan Post for up to $5bn, and the closing of DSV’s takeover of UTi Worldwide, there is speculation that a sale of CEVA Logistics – or parts of it – by owner private equity house Apollo, is being ...
Comment on this article
Tom Brown
March 02, 2016 at 4:16 amWhat about UPS buying CEVA?
Insider
February 03, 2017 at 9:53 pmit is now one year after this article (almost to the day) SNCF (French Railways) is acquiring CEVA (or part of it) and deal is going to be closed by end of March 2017.
Talks are at 1.2BnEUR so, Apollo wants out bigly