Conf call redux: ‘Remarkable’ Kuehne sniffs Asia and salmon-like deals (again)
The Swiss forwarder promises more of the same corporate strategy amid whopping rise in profits
On Monday, the day before Deutsche Post DHL (DP DHL) announced its takeover of JF Hillebrand Group (JFH), valuing the target’s equity at €1.5bn ($1.8bn), I swiftly brainstormed on German M&A, among other things, with a senior deal-maker.
This guy is laser-focused on logistics and isn’t generally impressed by the speed at which state-owned firms in mighty Deutschland act in M&A. And, a couple of years ago, talking about JFH as a takeover candidate, he doubted “[JFH] would join forces with ...