DSV has made an indicative and private proposal to Panalpina’s Board of Directors to acquire Panalpina. The consideration consists of 1.58 DSV shares and CHF 55 in cash for each Panalpina share. Based on closing prices as of 11 January 2019, the value of the offer is CHF 170 per share.
A combination of DSV and Panalpina would create a leading global transport and logistics company with significant growth opportunities and potential for value creation. “This presents a unique opportunity for both companies and their respective stakeholders including shareholders, employees, customers and suppliers,” the Danish transport and logistics company announces.
The combined business would generate expected revenues of more than DKK 110 billion (EUR 14.7 billion) and EBITDA of more than DKK 7 billion (EUR 940 million) on a pro-forma 2018 basis (excluding any synergy benefits). The structure will allow Panalpina’s shareholders to participate in the benefits of the combination.
