News / Panalpina shareholders launch battle for more control as merger talk fills the air

© Dave Bredeson

Panalpina’s shareholders have begun a new public battle for more control of the company, as it grapples with potential tie-ups with DSV or Agility.

Yesterday, Panalpina’s major shareholder, Ernst Göhner Foundation (EGF), which holds some 46% of the shares, requested new voting rights of ’one share, one vote’.

Currently, there is a 5% voting restriction on all shareholders, apart from EGF which has ‘grandfathering rights” having bought its shares before the introduction of voting restrictions.

EGF argued that ’one share, one vote’ would ...