On the wires: The pointless Maersk vs MSC race
It is perhaps more commonly known as appreciating the laws of diminishing returns.
“Li & Fung Limited (…) today announced it has entered into a subscription agreement with Temasek (..) for a cash consideration of $300m for approximately 21.7% stake of its Logistics business (“LF Logistics”). The investment values LF Logistics at approximately $1.4bn on a post-money equity valuation basis.” – Li & Fung, 28 June 2019.
Hey ho: After the friendly domestic bailout of debt-laden Pacific International Lines – more about the PIL rumoured takeover saga can be found here – Singapore’s sovereign wealth fund ...