The public market listings of German ocean carrier Hapag-Lloyd and Swiss 3PL Ceva Logistics were the biggest initial public offering highlights of the past five years in the supply chain sector, yet the upcoming IPO of France’s Gefco could overshadow both, if the price is right.

Key to the success of the deal – announced just before Christmas, and likely to launch in the first quarter, if volatility subsides – is the amount of profitable growth Gefco will be able to ...

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