M&A radar: Base case – DSV Panalpina, the next target of DSV Panalpina
Priceless – while it lasts.
Remember as far back as June – which in 2020 feels like looking back years rather than months – when Panalpina (PAN) was forced by its new bosses to give up its own freighter network? And all the finance people said, ‘great news, how sexy to cut costs’, and all the air cargo (and PAN) people said, ‘how sad, having a freighter was so sexy’?
Much has changed since then. DSV went on to ‘expand’ its Air Charter Network (an interesting ...