Here are the Panalpina shareholders who will decide on DSV's offer

Following DSV's offer to buy Panalpina, shareholders have gathered into two camps. In one stands the majority shareholder, who does not want to sell, while several major stakeholders in the other camp are positive toward the offer.

Photo: Panalpina

With the latest dramatic development in the case surrounding DSV's acquisition bid on Panalpina, the line is now sharply drawn between major shareholders in the Swiss logistics company.

After DSV in early January made what CEO Jens Bjørn Andersen describes as "an extremely attractive offer" to buy Panalpina, a large swath of the latter's shareholders have so far been split into two camps.

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