Analysis: Deutsche Bahn's Schenker disposal – well, what disposal?
Litany
Scratching the surface of the SATS + WFS deal disclosed today, the obvious headline M&A story is that one rather small provider of food and gateway services, as the Singaporean suitor defines itself, is doubling down to acquire a leveraged French handler, which fetched a hefty €2.25bn enterprise value (EV) to agree the sale.
That equates to S$3.1bn, which isn’t far away from SATS’s own enterprise value at between S$3.9bn and S$4.5bn, depending on whether we abide by forward or trailing EV ...
More box ships diverting to Suez Canal routes as Panama restrictions tighten
Fleet-heavy ocean carriers also stuck with too many containers
Maersk diverts two vessels from Middle East region over attack fears
Carriers try for more GRIs on Asia-Europe, eyeing Thanksgiving positives
A SAF future could be being built on an uncertain foundation
Diageo goes green with appointment of sustainable freight innovator Zeus for new HVO trial
'Stay cautious' warning to carriers after suspected drone attack on box ship
General airfreight in the doldrums – but charters are soaring
Alex Lennane
email: [email protected]
mobile: +44 7879 334 389
During August 2023, please contact
Alex Whiteman
email: [email protected]
Alessandro Pasetti
email: [email protected]
mobile: +44 7402 255 512
Comment on this article