DSV: finalises acquisition of Panalpina
(CercleFinance.com) - The DSV share is up 1.
1% on the OMX this morning, with the Danish logistician having announced the finalisation of its takeover bid on its Swiss pear Panalpina, a deal represnting an enterprise value of approximately 37 billion Danish kronor (approximately 5.4 billion Swiss francs).
The group resulting from this merger, which will have pro-forma revenues of around about 118 billion Danish kronor (about 15.8 billion euros), will be called "DSV Panalpina". All subsidiaries and operational activities will be unified under the DSV brand, as and when the integration takes place.
Based on preliminary estimates, DSV anticipates annual cost synergies of around 2.2 billion Danish kronor, with full effect in 2022, and an accretive effect on its EPS (diluted and adjusted) by the year 2021.
Copyright (c) 2019 CercleFinance.com. All rights reserved.
1% on the OMX this morning, with the Danish logistician having announced the finalisation of its takeover bid on its Swiss pear Panalpina, a deal represnting an enterprise value of approximately 37 billion Danish kronor (approximately 5.4 billion Swiss francs).
The group resulting from this merger, which will have pro-forma revenues of around about 118 billion Danish kronor (about 15.8 billion euros), will be called "DSV Panalpina". All subsidiaries and operational activities will be unified under the DSV brand, as and when the integration takes place.
Based on preliminary estimates, DSV anticipates annual cost synergies of around 2.2 billion Danish kronor, with full effect in 2022, and an accretive effect on its EPS (diluted and adjusted) by the year 2021.
Copyright (c) 2019 CercleFinance.com. All rights reserved.