In the article headlined “DSV/Panalpina deal expected to be finalised by Q3”, the statement from the managing director of Bidvest Panalpina Logistics should have read as follows:
“Managing director of Bidvest Panalpina Logistics (BPL), Craig Mountjoy, has reiterated that BPL is 100% owned by the Bidvest Group and their new equity partners Makana Investments. Their relationship with Panalpina is governed by an agency agreement which ensures that there will be a continuation of services. The CEO of Panalpina has confirmed in a communication to his staff that the Panalpina operations will continue unaffected and separate from DSV until the agreement is finalised much later this year.”
