Mærsk and Saudi Post form strategic partnership
PRESS RELEASE Global eCommerce businesses operating in Saudi Arabia set to benefit as Maersk and Saudi ...
ZIM: TAKING PROFITXPO: CPI BOOSTMAERSK: WINNERCHRW: TOP 'QUANT' PICKGXO: KEY EXEC OUTAAPL: 'MUSK RISK'EXPD: SELL-SIDE BEAR UPS TARGETUPS: SLIDINGZIM: SURGING ON TAKEOVER TALKEXPD: CASHING INCHRW: INSIDER SALEFWRD: TRADING UPDATE
ZIM: TAKING PROFITXPO: CPI BOOSTMAERSK: WINNERCHRW: TOP 'QUANT' PICKGXO: KEY EXEC OUTAAPL: 'MUSK RISK'EXPD: SELL-SIDE BEAR UPS TARGETUPS: SLIDINGZIM: SURGING ON TAKEOVER TALKEXPD: CASHING INCHRW: INSIDER SALEFWRD: TRADING UPDATE
Bahri, the national shipping company of Saudi Arabia, may have been thwarted in its attempt to buy DB Schenker – but it’s still on the lookout for M&A targets.
Sources told ION Analytics Bahri was looking at overseas expansion and was particularly interested in asset-light companies, like freight forwarders, with annual revenue of at least €1bn. It is prepared to pay between €1bn and €3bn for full ownership – although, reportedly, would pay more for the right company.
One to watch.
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