Schenker, what Schenker? DSV boss talks up options – yes, Sir!
New corporate structure also serves ‘potential M&A that may come up’. May? Potential?
Worldwide Flight Services is on the verge of being acquired by a private equity firm. Bloomberg reports that Cerberus Capital Management is nearing a deal to buy the ground handler. Citing “people with knowledge of the matter”, the report claims Cerberus has seen off other bidders – The Loadstar understands that Swissport was at one stage considering a deal. Should the acquisition be agreed, it is expected to cost in the region of $1.4bn.
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