The second life of Li & Fung

Maersk’s $3.6bn purchase of Li & Fung’s logistics arm a ‘significant milestone’

Maersk’s proposed $3.6bn acquisition of Hong Kong-based LF Logistics represents a “significant milestone” in its transformation into a global integrator of container logistics, according to the CEO of its Ocean & Logistics division, Vincent Clerc.
Maersk will purchase LF Logistics from controlling shareholder Li & Fung and Singapore state-owned investment vehicle Temasek, which acquired 22% in 2019.
The $3.6bn, in cash, being paid by Maersk is more than double the company’s valuation at …

The...

https://theloadstar.com/maersks-3-6bn-purchase-of-li-fungs-logistics-arm-a-significant-milestone/

M&A radar: Mærsk spree… LF Logistics $3.6bn buy – ‘boisterous insanity’?

On Monday, quickly sifting through the 99,999-plus-unread-emails in my inbox (screen grab below) I thought: the M&A binge outside logistics looks so good and widespread, anyway, that something must be fundamentally broken but we’ll soon have our ‘glory days’ in supply chain.

Ohhh, if grandma was still around.
Then
Tuesday came with the MSC/BAL asset-based €5.7bn announcement and today we were incredibly pleased to find out, given the M&A news flow, that …

The post M&A radar: Mærsk spree… LF...

https://theloadstar.com/ma-radar-maersk-spree-lf-logistics-3-6bn-buy-boisterous-insanity/

Against the odds: No rat traps sprung as BDP sale saga ends with PSA biting

I almost – damn it, damn it, damn it! – reached my final ‘M&A destination’ yesterday, having thought and mused and talked relentlessly about the BDP International takeover for about 15 hours, until late evening…

… when some rather colourful remarks were shared, internally at Premium, by yours truly – given that it was all so strangely quiet for a classic forwarder/3PL + forwarder/3PL deal… about happen, according to sources.
“Someone said it’s …

The post Against the odds: No rat traps sprung as...

https://theloadstar.com/against-the-odds-no-rat-traps-sprung-as-bdp-sale-saga-ends-with-psa-biting/