DFDS is paying a heavy price for EU's review of HSF Logistics takeover
A decision is still pending in the EU competition authority's review of DFDS's acquisition of HSF Logistics. The protracted process has proven a costly affair for DFDS. "We're surprised that it's taking so long," DFDS's CEO tells ShippingWatch.
by DAG HOLMSTAD
The EU's competition authority continues to raise new questions regarding DFDS's strategic acquisition of HSF Logistics, a transaction valued at DKK 2.2 billion, and this drawn-out process will end up costing DFDS approximately DKK 500 million (USD 79.2 million) in lost revenue and DKK 50 million in lower operating earnings (EBIT) this year.
Already a subscriber?Log in here
Read the whole article
Get access for 7 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.
With your free trial you get:
Get full access for you and your coworkers
Start a free company trial todayRelated articles
DFDS is hesitant about earnings target from its growth plan
For subscribers
