FedEx set to take stake in German deliver firm Hermes: report

  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 13 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 8%
  • Publisher: 66%

Singapore Headlines News

Singapore Latest News,Singapore Headlines

U.S. logistics company FedEx Corp is close to taking a stake in German parcel delivery firm Hermes, the Handelsblatt newspaper reported on Wednesday.

A FedEx Express logo is seen on an airplane at Paris Charles de Gaulle airport in Roissy-en-France during the outbreak of the coronavirus disease in France May 25, 2020. REUTERS/Charles PlatiauHome deliveries are surging as consumers around the globe shift to online shopping in the wake of store closures and physical distancing measures aimed at reducing the death toll from the coronavirus pandemic that has already killed at least 350,600 people.

While a tie-up with Hermes could create some efficiencies, experts said the deal is not without risks. FedEx is still grappling with its 2016 acquisition of European operator TNT Express, which specializes in shipments between businesses.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 6. in SG

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

German chipmaker Infineon raises 1.06 billion euros with capital increaseGerman chipmaker Infineon Technologies raised about 1.06 billion euros (US$1.16 billion) by issuing new shares to partially finance its US$10 ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Europe: German stocks outperform as business morale rebounds[BENGALURU] European shares rose in thin trade on Monday as a closely watched indicator of German business sentiment rebounded in May, with a slew of positive corporate updates boosting sentiment. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »

Japan's Marvelous shares untraded as China's Tencent takes 20per cent stakeShares in Japanese games maker Marvelous Inc were untraded with a glut of buy orders on Tuesday and looked set to close up at the daily trading ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Japan's Marvelous shares jump 17per cent as China's Tencent takes 20per cent stakeShares in Japanese games maker Marvelous Inc were untraded with a glut of buy orders on Tuesday and looked set to close up at the daily trading ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Exclusive: Volkswagen in final talks to seal biggest M&A deals in China EV sector - sourcesVolkswagen AG is in final talks to seal its largest investment deals with Chinese electric vehicle (EV) firms, two sources said, as the German ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »

Volkswagen in final talks to seal biggest M&A deals in China EV sector: SourcesVolkswagen AG is in final talks to seal its largest investment deals with Chinese electric vehicle (EV) firms, two sources said, as the German ...
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »