DSV 'tranching' clients yet 'sheer lack' of integration weighs – sources
Looking for direction
Ok, so it didn’t take long before Cevian – a key shareholder in Panalpina (PAN) with a 12.3% stake – bailed out of the DSV Panalpina combined entity, well before the DSV/PAN stock exchange settlement takes place in early October.
These were the headlines doing the rounds on the Bloomberg Terminal after the markets closed yesterday:
– CEVIAN CAPITAL TO EXIT DSV WITH SALE OF 3.7% STAKE
– UBS IS SOLE BOOKRUNNER ON CEVIAN’S STAKE SALE IN DSV
The 3.7% calculation is essentially: (23.75m ...
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