The master plan drafted by Panalpina (PAN) is so ambitious that it implies the possible involvement of a third player, market sources say, despite the fact that the Swiss 3PL has yet to finalise a deal of any kind with Kuwait-based Agility (AGY).

For the record, a PAN-AGY tie-up has been in the making well before DSV sneaked in with its initial Sfr170 a share proposal for PAN on 16 January.


Insiders remain adamant the Panalpina’s controlling shareholder, the Ernst Göhner Foundation, “is unified and there will be no ...

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