Deutsche Post DHL Group agreed to acquire UK Mail Group for US$315.5 million in a bid to strengthen its presence in the U.K. e-commerce market. The German parcel-delivery company is offering a 43 percent premium on shares, spurring UK Mail’s directors to unanimously recommend that shareholders vote in favor of the deal.
Juergen Gerdes, a Deutsche Post DHL Group board member, explained that, “The ongoing expansion of our parcel network in Europe is driven by increasing demand within our e-comm…
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Source: aircargoworld