According to a report in German newspaper Handelsblatt Today, FedEx Corp. (NYSE: FDX) is pursuing an ownership stake in German parcel company Hermes.
The article identified the Memphis-based transportation and logistics giant as the likely suitor to partner with Hermes to expand the company’s parcel distribution service, but listed Amazon.com (NASDAQ: AMZN) and the logistics arm of Alibaba Group (NYSE: BABA) as interested parties.
Hermes competes in major European markets in Germany, France and...
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