Prologis + Mexico – all the way
Between reality and wishful thinking
As part of our recent coverage of CH Robinson’s M&A strategy, we highlighted the risks posed to Hungary’s Waberer’s and the critical situation it finds itself in as it needs a suitor to get back on track.
Its fourth-quarter and annual results released yesterday just confirmed that any bullish stance on its prospect as an M&A target were possibly misplaced – the restructuring it announced, as shown in the table below, is a sign that its road business is in trouble.
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