Britain’s competition watchdog said on Friday the acquisition of Wincanton by U.S.-based warehousing firm GXO Logistics, for 762 million pounds ($983.97 million), could reduce competition and raise prices for...
GXO Logistics explores sale after receiving takeover interest, source says
GXO Logistics, a provider of logistics services with a market value of roughly $6 billion, is exploring a potential sale after receiving takeover interest, according to a person familiar with the matter. GXO, which was...
Deutsche Bahn supervisory board narrowly clears sale of Schenker to DSV
Deutsche Bahn’s (DBN.UL) supervisory board on Wednesday narrowly approved the sale of its profitable logistics business Schenker to Denmark’s DSV, batting away union opposition and pushback from rival bidder...
Nandan Nilekani’s wife acquires Rs 8.55 crore stake in this small-cap logistics firm
Rohini Nilekani, philanthropist and wife of Infosys co-founder Nandan Nilekani, purchased shares worth Rs 8.55 crore in logistics firm Allcargo Gati via open market transactions on Thursday. Rohini Nilekani’s...
DSV to create global logistics giant with $15.9 billion Schenker takeover
Denmark’s DSV has agreed to buy Schenker, the logistics arm of German state rail operator Deutsche Bahn, for 14.3 billion euros ($15.85 billion) in a deal that would make it the world’s biggest logistics...
UPS to buy Germany-based healthcare logistics firm Frigo-Trans
UPS said on Tuesday it would acquire Germany-based healthcare logistics firm Frigo-Trans for an undisclosed amount to boost its healthcare cold-chain facilities in Europe. Frigo-Trans network includes temperature...
UPS announces sale of Coyote Logistics unit to RXO for $1 billion
United Parcel Service, the world’s biggest package delivery firm, will sell its Coyote Logistics business unit to RXO for $1.025 billion, the companies said on Sunday. The transaction will be funded with a mix of...
Alibaba to buy Cainiao stake for up to $3.75 billion as it drops IPO plan
Alibaba Group said on Tuesday it was offering to buy the 36% of Cainiao it does not already own for up to $3.75 billion, abandoning plans for an initial public offering (IPO) of the logistics business in Hong Kong. In...
EU clears acquisition of Bollore logistics by CMA CGM, subject to conditions
The EU Commission on Friday said it had cleared the acquisition of the logistics operations of conglomerate Bollore by shipping group CMA CGM(CMACG.UL), subject to a number of conditions proposed by the companies. The...
Brazil logistics firm Sequoia to merge with peer MOVE3
Brazilian logistics firm Sequoia Logistica has signed a preliminary agreement with shareholders of peer Grupo MOVE3 for a merger of the companies, it said in a securities filing. Under the stock deal, Sequoia would...
Canadian logistics firm TFI International to buy Daseke in $1.1 bln deal
Canadian logistics company TFI International said it would buy Daseke, an operator of flatbed and specialized trailers, in a $1.1 billion deal, including debt, to scale up its truckload business. TFI agreed to pay $8.30...
SoftBank likely to sell stake worth $150 million in Delhivery: Report
Multinational investment holding firm, SoftBank, is likely to sell a stake worth $150 million in logistics firm Delhivery via a fresh block deal, Moneycontrol reported on Thursday citing sources. The Japanese...
