OceanX radar: Basel bash; Vive La France! Rates - the eternal tango
Reaching the peak… are we there yet?
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 ...