Fed-Ex Corp tipped to buy major stake in Hermes


US giant Fed-Ex Corp has been tipped to buy a stake in Hermes’ European parcel delivery operation whilst private equity house Advent International is in the frame to become a major investor in Hermes’ UK operation. The claims, made by German newspaper Handelsblatt, follow a recent announcement by Hermes owner Otto Group that it is in advanced discussions with a large strategic investor. Alexander Birken, Otto Group chief executive, said last week: “We are well advanced in discussions with potential […]