Containerships has assured staff and customers that it is business as usual after the announcement it is to merge with French shipping giant CMA CGM. Under the deal, the French carrier will acquire Containership’s shipping, harbour and terminal holdings. It will also merge Containerships’ services with those of its short sea subsidiary MacAndrews. The merger is subject to the approval of the European competition authorities which could take up to six months. CMA CGM is the 3rd biggest container shipping […]
Tesco’s £3.7bn merger with wholesaler Booker has won approval from shareholders.
They told us it would happen: in April 2012, advisory firm KPMG predicted a flurry of mergers and acquisitions in the logistics and distribution sector during the year… and that’s exactly what we got. Top of the pile in terms of the most noteworthy was undoubtedly the UPS/TNT Express merger announced in March and set to create a £37bn turnover logistics giant. The takeover was described at the time by TNT Express chief executive Marie-Christine Lombard as a move that […]
The European Commission (EC) has extended the deadline for the completion of its investigation into FedEx’s proposed acquisition of TNT.