DSV Panalpina makes voluntary offer of social plan to Basel head office employees
DSV Panalpina has decided to offer a voluntary and unilateral social plan to all Panalpina head office employees in Basel affected by the announced redundancies to take place in Q4-2019 and H1-2020.
DSV announces plans for Panalpina headquarters and continued presence in Basel, as integration progresses
The DSV Panalpina Group has informed employees at the former Panalpina headquarters in Basel about its plans for the location. As part of the integration, overlapping corporate functions and positions will either be cut or relocated to the headquarters in Denmark, which could result in up to 165 job losses. At the same time, the company intends to expand its logistical footprint in the Basel area.
DSV’s vision and strategic direction has stood the test of time
Focus is on successful integration of the Panalpina business and people
Extraordinary general meeting marked the ending of an era and a new beginning
All points on the agenda of the extraordinary general meeting were approved. The company now has a new Group name, a new member of the board, and a new and a new Chairman, as now former Chairman Kurt Larsen stepped down.
Exemption from conditions for maintaining listing and approval of delisting of Panalpina shares
On September 18, 2019, SIX Exchange Regulation granted Panalpina several temporary exemptions from the obligations for maintaining the listing and approved the request of Panalpina to delist the Panalpina Shares. The last trading day and the date of the delisting will be determined after the final judgement in the cancellation proceedings according to the Swiss Financial Infrastructure Act.
DSV completes acquisition of Panalpina
All conditions and requirements of the transaction have now been met
Interim financial report for H1-2019 released
We are very pleased with the strong results for the second quarter of 2019. DSV has managed to outgrow the market while still delivering market leading profitability.
Growing at a continuous and phenomenal rate
Since 1989, we have grown our annual revenue by almost 10,000%
Panalpina half-year results remain stable
Panalpina recorded stable results for the first half-year 2019. From January to June 2019, Panalpina generated an EBIT of CHF 52.1 million (YTD 2018: CHF 54.7 million) and a consolidated profit of CHF 34.0 million (YTD 2018: CHF 36.1 million), thereby nearly reaching previous-year levels.
Change in the Board of Directors of Panalpina World Transport (Holding) AG
In connection with the public exchange offer by DSV A/S for all publicly held registered shares of Panalpina World Transport (Holding) AG published on 13 May 2019, the Board of Directors will propose at the Extraordinary General Meeting scheduled for 16 July, 2019, the election of the following persons nominated by DSV A/S into the Board of Directors of Panalpina World Transport (Holding) AG with
Decision of the Swiss Takeover Board regarding public exchange offer by DSV A/S for all publicly held registered shares of Panalpina Welttransport (Holding) AG
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Annual general meeting of Panalpina approves all board proposals
At the annual general meeting (AGM) of Panalpina World Transport (Holding) Ltd., held on May 9, 2019, 62.24% of the share capital was represented. All proposals of the board of directors were approved by a clear majority and Thomas E. Kern was elected as chairman of the board.