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DSV knew about delicate voting issue at Panalpina

At first glance, it does not make sense that Panalpina's controlling shareholder wants to lift a voting restriction that does not impact itself. But there is likely a very specific reason for the proposal, various sources tell ShippingWatch.

Photo: Panalpina

Why is Panalpina's largest shareholder, the Ernst Göhner Foundation, suddenly proposing a change to the voting structure at the company, which Denmark's DSV has been trying to acquire since January?

Specifically, the Ernst Göhner Foundation, which owns 46 percent of Panalpina, wants to lift the 5 percent voting restriction for shareholders, so that each stakeholder would instead be able to have their vote count according to their equity position.

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