PB: FedEx closes in on Hermes deal

selling buying © Bota Zsolt

© Bota Zsolt

By LoadstarEditorial

31/05/2020

PITCHBOOK writes:

FedEx is nearing a deal to acquire a stake in German peer Hermes, according to Handelsblatt.

The US group is reportedly looking for a strategic partner to grow its European parcel delivery presence.

Advent International is reportedly in the running to buy a holding in Hermes’ UK operations.

The company is part of the Otto Group.

You may also be interested in this: “FedEx to buy stake in Hermes?”.

This: FedEx named as suitor for German parcel company.

And this: FedEx could take stake in German delivery ...

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