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DHL building up to sale of African supply chain assets: manager magazin
Posted on Thursday, 19 September 2019 14:04
DHL, the logistics arm of Deutsche Post, is planning to jettison its supply chain operations in Africa, according to manager magazin.
Reuters picked up on a report, which cited sources at the company as saying the business going on the block could be worth as much as EUR 500.00 million.
No further details have been disclosed at this time and none of the parties involved in the potential deal have made any official statement on the matter.
Zephyr, the M&A database published by Bureau van Dijk, shows that DHL’s most recent asset sale was announced in May 2013, when it sold French fashion product logistics and transport service provider FashionPartner Group to an investment consortium for an undisclosed sum.
DHL claims to be a world leader in the logistics sector, with specialisation in international shipping, courier services and transportation.
The company employs some 380,000 people and serves in excess of 220 countries and territories worldwide.
Zephyr shows the largest deal targeting a courier and express delivery services provider to have been announced worldwide in 2019 to date took the form of an investment in China-based STO Express by Shanghai Deyin Derun Industrial Development and Shanghai Gongzhirun Industrial Development.
That transaction was worth CNY 14.65 billion (USD 2.16 billion), meaning it was worth almost double the second-placed deal – a CNY 5.94 billion (USD 887.99 million) injection in YTO Express by sole owner YTO Express Group.
The 74 deals targeting the sector to have been announced worldwide so far this year have a combined value of USD 4.80 billion, compared to the 117 at an aggregate USD 8.08 billion which were signed off in the whole of 2018.
However, value for 2019 has already surpassed the USD 1.80 billion injected in the whole of 2017, despite there still being three months left until the end of the year.
© Zephus Ltd