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 ...
So the base case we outlined on Thursday last week only marginally materialised, as DSV Panalpina is indeed targeting DSV Panalpina (DSV PAN) via new stock buybacks…
… but also, more importantly, the Danish forwarder agreed to take over the logistics business of Kuwait-based Agility, aka Agility Global Integrated Logistics (AGY GIL), for an enterprise value of $4.2bn (equity value: $4.1bn).
Transaction multiples: “0.94x EV/LTM sales and 23.2x EV/LTM adj. ebit.”
Fully valued on paper – although at this stage synergies aren’t disclosed. A sensible move ...
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