warehouse deal.© Wave Break Media Ltd jpg
© Wave Break Media Ltd

Here are some calculations based on DSV’s Sfr4bn proposal for Panalpina announced on Wednesday, and what it means for the Swiss company’s key shareholder – the Ernst Göhner foundation, which controls 45.9% of the target’s equity capital.

The numbers I ran suggest that, based on the Danish group’s initial approach, the Ernst Göhner foundation would retain a stake of about 7.7% in the combined DSV + Panalpina entity.

Crucially, Panalpina pays out hefty dividends that the foundation doesn’t want to forgo. So, what does it ...

Subscription Required

In order to view the entire article please either register an account and subscribe or login with a valid subscription below

Please Register

Please either or register below to continue

COMMENTS 0