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Indiaexportnews.com

DFDS plans acquisitions

  01.12.2008    

Danish ferry and cargo shipping company DFDS' CEO Niels Smedegaard says the company is planning to take over rivals that are struggling amid the global financial crisis. Smedegaard said earlier that DFDS had funds worth DKr 3bn (US$ 0.51bn EUR 0.4bn) earmarked for acquisitions, but declines to confirm the figure today. According to Smedegaard, the company has already identified its favourite acquisition targets that are found in the cargo shipping segment. The passenger shipping unit needs to improve earnings before acquisitions can come into question, Logistics Finland reported.



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