JSC Russian Railways (RZD), is in talks to buy 75% of Gefco, the logistics arm of cash-strapped car maker PSA Peugeot Citroën for €800m (£640m). PSA Peugeot Citroën said the proposed deal should speed Gefco’s growth by creating a business with enhanced reach in logistics services linking Europe and Asia. The existing management team, led by its president Luc Nadal, will not change, it added. Vitaly Belskiy, from consultancy Frost & Sullivan, said: “The deal is a clear ‘win-win’ for […]
The TNT shareholders have between Monday and 30 October to accept the proposed acquisition offer from FedEx.
NWF, the distributor of fuel, food and feed that owns Boughey Distribution, said trading for the three months since June had been in line with expectations, with net debt reflecting normal seasonal fluctuations.