Business

Acquisitions

DSV boss “happy, proud and humble” to merge with Panalpina

DSV boss Jens Bjørn Andersen said that the proposed $4.6bn merger with Panalpina is expected to complete in around six months. Andersen,…

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Breaking news: Panalpina and DSV set to merge in $4.6bn deal

DSV and Panalpina have agreed the terms and conditions of a combination to join forces with a Public Exchange Offer…

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Cathay agrees HK Express acquisition from HNA

Hong Kong-based Cathay Pacific has entered into a HK$4.93bn share purchase agreement to buy 100% of low-cost carrier Hong Kong…

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Rhenus acquires World Net Logistics in South Africa

Germany’s Rhenus Group has continued its 2019 takeover spree by acquiring Johannesburg-headquartered freight forwarding and logistics specialist World Net Logistics…

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CMA CGM nears 90% of voting rights in CEVA Logistics

CEVA Logistics is likely to de-list from the SIX Swiss Exchange later this year after confirming media reports that French…

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Rhenus buys Canada’s Rodair

Germany’s Rhenus Group has acquired Canadian logistics provider Rodair. The acquisition, terms were not disclosed, is subject to approval by…

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CMA CGM set for Ceva stake of almost 90%

According to a report by Reuters, CMA CGM now controls almost 90% of the voting rights in Ceva Logistics. This…

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Azul bids for Avianca Brasil assets

Brazilan airline Azul has signed a non-binding agreement with financially troubled Avianca Brasil to acquire its operating certificate, 70 pairs…

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CH Robinson goes into Space with €42m Spanish forwarder acquisition

US freight forwarder CH Robinson acquired Spanish forwarder Space Cargo Group for €42m ($48m) in cash as part of a…

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Cathay Pacific confirms takeover talks for Hong Kong Express from HNA Group

Cathay Pacific Airways has confirmed that it is “in active discussions” about an acquisition involving the low cost carrier Hong Kong…

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