Bolloré bounce boosts CMA CGM Q2 revenues, but job worries persist
CMA CGM Group has announced a “robust performance” in the second quarter, with revenues up ...
TFII: SOLID AS USUALMAERSK: WEAKENINGF: FALLING OFF A CLIFFAAPL: 'BOTTLENECK IN MAINLAND CHINA'AAPL: CHINA TRENDSDHL: GROWTH CAPEXR: ANOTHER SOLID DELIVERYMFT: HERE COMES THE FALLDSV: LOOK AT SCHENKER PERFORMANCEUPS: A WAVE OF DOWNGRADES DSV: BARGAIN BINKNX: EARNINGS OUTODFL: RISING AND FALLING AND THEN RISING
TFII: SOLID AS USUALMAERSK: WEAKENINGF: FALLING OFF A CLIFFAAPL: 'BOTTLENECK IN MAINLAND CHINA'AAPL: CHINA TRENDSDHL: GROWTH CAPEXR: ANOTHER SOLID DELIVERYMFT: HERE COMES THE FALLDSV: LOOK AT SCHENKER PERFORMANCEUPS: A WAVE OF DOWNGRADES DSV: BARGAIN BINKNX: EARNINGS OUTODFL: RISING AND FALLING AND THEN RISING
REUTERS reports:
Gefco has been put up for sale by owners Russian Railways (RZhD) and carmaker Stellantis (STLA.MI) in a deal expected to be worth more than 2 billion euros ($2.39 billion), people close to the matter said.
The owners are working with JP Morgan (JPM.N) and Rothschild (ROTH.PA) on the divestiture, they said, adding potential buyers have already been asked to log their interest.
Gefco, its owners and the banks declined to comment.
Gefco is expected to post earnings before interest, taxation, depreciation and amortisation of 345 million euros on sales of 4.4 billion this year, one of the sources said.
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