It is a race against time for DSV, so I am on M&A high alert, as usual, when the Danish freight forwarder is in the limelight – because if Switzerland’s Panalpina is the target, that could move the M&A needle in transport and logistics. DSV is the bidder that could do wonders to confidence in...
https://theloadstar.co.uk/analysis-dsv-got-new-ma-deal-corporate-sleeve/
Commentary: Tokenisation unlocks illiquid markets
By Pierre Ortlieb in London
The promise of tokenisation lies in substantially reducing remaining illiquidity discounts by creating tokens that represent partial ownership rights to underlying illiquid assets. This is particularly encouraging in the commercial and residential real estate sectors, where frictions and barriers to investment, including minimum capital requirements, can be high. Once the rules of this market are written, tokenisation...
Commentary: Post-Brexit UK will find no sympathy
By Joergen Oerstroem Moeller in Singapore
Regardless of whether it endures in its current form or is amended in the coming weeks, Theresa May’s Brexit deal with the EU opens the door to further contentious negotiations. The first involves expanding on the political declaration on future UK-EU trade relations. After Brexit, one can assume ratification of a UK-EU trade agreement will be far from imminent. The second concerns the World Trade...
France’s Geodis traditionally attracts all sorts of M&A rumours, with its management team often coming up lately in private conversations that always end with “so then who is its next acquisition target?”
SNCF tree
The French logistics behemoth, part of state-owned national rail company SNCF, is adamant that chasing inorganic growth is the way forward, but the silver bullet could be a different shareholding structure before M&A opportunities are pursed.
A partial spin-off, …
The post Market...
https://theloadstar.co.uk/market-insight-will-steady-gaze-geodis-become-fixed-next/
British PM Theresa May
Commentary: May deal faces near-impossible hurdles
By Joergen Oerstroem Moeller in Singapore
Prime Minister Theresa May would almost certainly try to counter a rejection of her Brexit deal in the UK parliament by returning with an amended version to avoid the more dramatic alternatives. To stand any chance of success, an amended deal must overcome two hurdles. First, May must keep her cabinet united – which seems unlikely to happen. Second, the EU must be forthcoming in...
Commentary: Countries victims of ‘ninja’ loans
By Herbert Poenisch in Beijing
Countries need infrastructure in much the same way that US families needed houses before the 2008 financial crisis. The ‘American dream’ was to provide everyone with their own home. Similarly, poorer countries dream of infrastructure, to propel them to prosperity. People in the US bought houses through ‘no income, no jobs, no assets’ (‘ninja’) loans, unsure of how to reimburse their bank. Countries are doing the same...
In a year when many lines have been pretty negative and have stressed the impact of rising fuel costs on their profits, CMA CGM has performed reasonably well at the third quarter mark.
Year-to-date costs have risen by 17% and are considerably above any corresponding increases in revenue, but part of this is inevitably from the additional 300,000 teu carried.
The company has its eye firmly on fuel cost recovery and implemented a …
The post CMA CGM: will buying into Ceva bring the company a chance...
https://theloadstar.co.uk/cma-cgm-will-buying-ceva-bring-company-chance-shine/
One of my City sources got in touch today, as soon as takeover target CEVA Logistics released its update on guidance, latest corporate events and pipeline, with the blessing of CMA CGM.
This is an M&A story to live or die for, at least for those who thoroughly follow these matters within logistics.
PR stunt?
Mr Arbitrageur, who recently joined my gang, is a City broker who makes money out of deal-making. The more the merrier …
The post Supply chain radar: the CMA CGM /CEVA saga reaches a new...
https://theloadstar.co.uk/supply-chain-radar-cma-cgmceva-logistics-saga-reaches-new-level/
The idea that Panalpina “has to go sooner rather than later” is growing in popularity among my sources, notwithstanding public remarks made by Kuehne + Nagel management on Friday and Panalpina on Sunday.
However, beware the hype. I may very well be wrong, but I doubt K+N has any serious intention to take over its smaller domestic rival in its current form, although the ousting of chairman Peter Ulber could trigger …
The post Analysis: can Kuehne + Nagel really be eyeing a Panalpina takeover?...
https://theloadstar.co.uk/analysis-can-kuehne-nagel-really-eyeing-panalpina-takeover/
Now, I don’t know if this earnings season has been good so far because oil prices plummeted, or because supply chain affairs may have become easier to predict after AP Møller-Maersk Group (APMM) and Hapag-Lloyd didn’t deliver any nasty surprises earlier this month. But I know that CMA CGM’s third-quarter update, due today after the bell, could be the long-awaited cherry on the cake in container shipping.
Growth should be …
The post Supply chain radar: All ready for CMA CGM’s big day appeared...
https://theloadstar.co.uk/supply-chain-radar-showdown-time-cma-cgm-pending/