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Between CEVA Logistics and Panalpina, DSV perhaps chose the lesser evil, but the story within the story here is that the Danish company is very likely to outbid K+N for Panalpina under ’any scenario’, according to most of my market sources, if K+N ever decides to engage in a bidding war.

Deal in the making

The foundation that controls ~ 46% of Panalpina is taking its time to decide what to do with its holdings.

The pessimists I talked to maintain the view that ...

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