Agility Public Warehousing Company, listed on the Kuwait and Dubai stock exchanges, announced that the sale of its Global Integrated Logistics (GIL) business to DSV is expected to be completed. Danish Panalpina, today, Monday.
In return, upon completion of the all-share transaction and all regulatory approvals completed, Agility will be awarded approximately 19.304 million shares of DSV Panalpina or the like. It is estimated at 8% of all the latter's post-transaction shares, making Agility the second largest shareholder in the company according to today's shareholder register.
The value of the deal is about $4.775 billion, while the market value is $4.675 billion.
