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Panalpina set to pay its executive team a big bonus

Panalpina's executive management stands to cash out on equities valued around USD 56.6 million – but Panalpina will first have to buy these on the stock market.

Stefan Karlen serves as CEO of Panalpina, which will soon be merged with DSV. | Photo: Ritzau Scanpix/AP/Arnd Wiegman

DSV's acquisition target, Panalpina, will need to again tap the capital market big-time.

In connection with DSV taking over the Swiss logistics operator, Panalpina's executive team and board of directors are poised to receive a handsome bonus package. But Panalpina has not yet secured the equities it needs to cover the bosses' remuneration.

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