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Scan Global gets go-ahead to move forward with major contracts

Danish logistics company Scan Global Logistics has received the go-ahead from its bondholders to pursue three large contracts which are up for grabs. The contracts could have a big impact on the business.

Scan Global Logistics is owned by US equity fund AEA Investor. Photo: Scan Global Logistics

Scan Global Logisitics has cleared a hurdle in the battle for three large contracts that could boost earnings in the Danish logistics company for many years ahead.

Thursday, the owners of a bond loan approved an important change in the conditions of the group's bank agreement. The change was necessary for Scan Global to secure enough working capital to bid on the contracts.

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