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Panalpina rejects DSV proposal
Photo: Panalpina/montage ITJ
Panalpina has confirmed that the Ernst Göhner Foundation, Panalpina's largest shareholder, representing approximately 46% of the total share capital, informed the board of directors that it does not support the current non-binding proposal from DSV, and that it rather supports Panalpina’s board in pursuing an independent growth strategy, including M&A. According to its fiduciary duties, Panalpina's board will continue to carefully review the situation with its professional advisers. (mw)
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