Deals
Panalpina to Seek Tie-Up With Agility in Logistics Deal
- Talks are at preliminary stage, while DSV review continues
- Merger would come after Panalpina investor rejected DSV bid
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Panalpina Welttransport Holding AG is in talks for a tie-up with Kuwaiti logistics provider Agility, a deal that would help the Swiss freight forwarder bulk up and fend off interest from Denmark’s DSV A/S.
The talks are at a preliminary stage and Panalpina is still reviewing an approach by DSV, the company said Friday in a statement. Its shares fell in Zurich.