France’s Geodis traditionally attracts all sorts of M&A rumours, with its management team often coming up lately in private conversations that always end with “so then who is its next acquisition target?”

SNCF tree

Source: SNCF

The French logistics behemoth, part of state-owned national rail company SNCF, is adamant that chasing inorganic growth is the way forward, but the silver bullet could be a different shareholding structure before M&A opportunities are pursed.

A partial spin-off, aimed at listing, say, a ...

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