MEDIA RELEASE
Statement from Panalpina regarding DSV and the position of Ernst Göhner Foundation
Panalpina confirms that the Ernst Göhner Foundation, Panalpina's largest shareholder representing approximately 46% of the total share capital, informed the Board of Directors that it does not support the current non-binding proposal from DSV and that it supports Panalpina's Board of Directors in pursuing an independent growth strategy that includes M&A.
According to its fiduciary duties the Board of Directors of Panalpina continues to carefully review the situation with its professional advisers. Further announcements will be made as appropriate.
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Photo
A photo showing the Panalpina logo at the company's headquarters can be downloaded here (http://e1.marco.ch/publish/panalpina/14_3359/Panalpina_Logo_Headquarters_HiRes_300dpi.jpg).
About Panalpina
The Panalpina Group is one of the world's leading providers of supply chain solutions. The company combines its core products - Air Freight, Ocean Freight, and Logistics and Manufacturing - to deliver globally integrated, tailor-made end-to-end solutions for twelve core industries. Drawing on in-depth industry know-how and customized IT systems, Panalpina manages the needs of its customers' supply chains, no matter how demanding they might be. Energy and Project Solutions is a specialized service for the energy and capital projects sector. The Panalpina Group operates a global network with some 500 offices in around 70 countries, and it works with partner companies in another 100 countries. Panalpina employs approximately 14,000 people worldwide who deliver a comprehensive service to the highest quality standards - wherever and whenever.
www.panalpina.com (http://www.panalpina.com)
For more details, please contact:
Corporate Head of Marketing and Communications | Chief Financial Officer |
Edna Ayme-Yahil | Robert Erni |
Tel. +41 61 226 11 10 | Tel. +41 61 226 11 25 |
edna.ayme@panalpina.com | robert.erni@panalpina.com |
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