Mega M&A not on the menu for 'One UPS' – but it has a plan
Over two long hours with UPS
We’ll get to German matters as swiftly as humanly possible.
Gone
Where to start today is plan vanilla following the news on Monday that CMA CGM and Bolloré have agreed a €5bn logistics deal*.
First off, it gratefully validated our base case concerning ’the rump’, as we labelled Bolloré Logistics (BL) in January last year.
Then, glance at the French seller’s corporate tree, and cancel Logistics forever from the chart below (click to expand it) – its exposure already reduced after the sale of ...
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Alex Lennane
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mobile: +44 7879 334 389
During August 2023, please contact
Alex Whiteman
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Alessandro Pasetti
email: [email protected]
mobile: +44 7402 255 512
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