French-owned Gefco Group is planning to sell a 40% stake in its business this year. Car manufacturer Groupe PSA, which owns Peugeot, currently holds a 25% stake in the group after selling a 75% share of the firm to Russian Railways in 2012. Last month Gefco Group presented IPO documents for approval to AMF, France’s financial authority, which revealed that Russian Railways is looking to reduce its stake to below 50%. They also show that PSA plans to reduce its […]
Royal Mail’s planned privatisation will go ahead with the sale of shares through an initial public offering (IPO) this year, the government has revealed.
Gefco UK has appointed Zsolt Vecsera as its new MD, in a move the company said will help “continue and steer its direction of growth”.
Gefco has signed a seven-year contract with General Motors to manage inbound and outbound logistics for the US car maker across Europe. As part of the deal, which starts in 2013, Gefco will supply GM assembly sites in the UK, Poland, Spain, Germany and Russia from European suppliers and worldwide export ports. It will then ship vehicles across the world, distributing around 1.2 million Opel, Vauxhall and Chevrolet vehicles annually. The logistics arm of PSA Peugeot Citroen, which is currently […]