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 […]
Clipper Logistics Group is to begin trading fully on the London Stock Exchange on Wednesday 4 June.
Gefco UK has renewed its three year contract with Honda Motor Europe Logistics, the sister arm of Honda.
Volkswagen is considering spinning off its commercial vehicle division – comprising Scania, MAN, Volkswagen Caminhões e Ônibus and Rio– by the end of the year.