Schenker makes an impact as DSV announces Q2 results
In its first quarterly results since it completed the acquisition of DB Schenker, DSV chief ...
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Dreamstime.com
It was classic MSC deal-making that emerged last week when the behemoth disclosed to have secured a co-investment in high-speed rail network Italo* – with the target’s powerful executive chairman and founding partner Luca Cordero di Montezemolo, talking up the creation of the “first multimodal pole of Europe”.
(*Reportedly worth over €4bn for the whole, in enterprise value.)
I won’t counter that because it’s obvious that Montezemolo had his own agenda, but the resulting 50:50 Italo ownership structure, with MSC controlling about half ...
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