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Jefferies expects multimillion-dollar synergies from DSV acquisition

Investment bank Jefferies expects to see synergy effects from DSV Panalpina's acquisition of Agility's Global Integrated Logistics business approximate USD 324 million.

Photo: Bidstrup Stine/Ritzau Scanpix

Logistics company DSV Panalpina is expected to generate synergy effects of close to DKK 2 billion (USD 324 million) from the acquisition of Agility's business unit Global Integrated Logistics.

This projection comes from US-based investment bank Jefferies after DSV Panalpina announced plans last week to incorporate Global Integrated Logistics in an all-share trade, which values the acquisition at USD 4.2 billion.

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