Ever-ambitious DSV 'messaging positively into Q2 print'
Its ‘halo has slipped’, the ‘reliable execution machine has been sputtering’, but…
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Denmark’s DSV and Switzerland’s Panalpina announced today they had “agreed to join forces”, in a deal that values Panalpina at about Sfr4.7bn ($4.72bn), excluding debt considerations. It is effectively a takeover of the latter by the former, where significant cost savings will be targeted.
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