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 […]
The sale of its Palletforce shares after the purchase of the pallet network last year by EmergeVest sent Farrall’s’ profit soaring in 2015.
Volkswagen’s plans to sell Traton Group, which contains the Scania and MAN brands, have been revived.
Eddie Stobart Logistics management made it difficult for KPMG to obtain “sufficient audit evidence” as it tried to compile the company’s annual accounts, which prompted the accountancy firm to resign as its auditor.