Supply chain radar: Freight forwarding shakeout – US loses, Europe mixed, Asia takes it all
Here are some key highlights of comprehensive research – headed: “Global freight forwarder tracker” – ...
Ok, so it didn’t take long before Cevian – a key shareholder in Panalpina (PAN) with a 12.3% stake – bailed out of the DSV Panalpina combined entity, well before the DSV/PAN stock exchange settlement takes place in early October.
These were the headlines doing the rounds on the Bloomberg Terminal after the markets closed yesterday:
– CEVIAN CAPITAL TO EXIT DSV WITH SALE OF 3.7% STAKE
– UBS IS SOLE BOOKRUNNER ON CEVIAN’S STAKE SALE IN DSV
The 3.7% calculation is essentially: (23.75m ...