agility-panalpina-dsv

Panalpina and Agility hold merger talks – updated

Swiss-based forwarding giant Panalpina is in talks over a possible merger with Kuwait’s Agility, Bloomberg reports. It appears that is a move by major shareholder Ernst Goehner Foundation to rebuff an earlier $4 billion offer for the company by DSV. Panalpina is reported to have said that the talks with Agility are still at a preliminary stage and that it was still reviewing DSV’s offer. Under the latest plan, the Ernst ... [+]