Wednesday, April 29, 2015

Exchange: Dentressangle jumped nearly 40% – The Obs

Paris (AFP) – The action of the Norbert Dentressangle Group soared nearly 40% Wednesday morning at the Paris Bourse, galvanized by the news of his passing under the American flag with its repurchase by the company XPO Logistics .

At 10:20 (8:20 GMT), the title gained 36.27% to 216.80 euros in a market in equilibrium (0.01%).

total value of this transaction, which will give birth to a global giant transportation and logistics, amounted to EUR 3.24 billion, the companies said in a joint statement Tuesday.

XPO Logistics offers 217.50 per share Norbert Dentressangle and will resume the debt of the Lyon business.

Wednesday the action of the French group thus tended to join the price offered by XPO Logistics.

“The French group is sold at a good price” and this sale comes close “20 years of almost uninterrupted rise in the stock,” said Xavier de Villepion, a seller of HPC activities.

On 28 April 1995, the share had closed at 17.91 euros. In 20 years the work has taken more than 1,000%.

It is “an attractive takeover offer, supported unanimously by the family shareholding”, which will allow the “constitution a global player in the logistics “, also stressed the broker Gilbert Dupont.

This announcement is a new upheaval in the landscape of road transport and logistics in France, after the liquidation of MoryGlobal late March, with 2,150 redundancies to the key, and the announcement of a social plan for 500 positions at Gefco mid-April.

According to the statement of Norbert Dentressangle and XPO, Dosco s’ is committed to maintaining the number of full-time employees in France for at least 18 months.

This in cash, which marks the establishment of XPO Logistics in Europe is through the acquisition of 67% held by Norbert Dentressangle, founder of the eponymous group.

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