Freight News, Business

DSV is not buying us, says UTi

[ December 4, 2014   //   ]

US-based logistics company Uti has played down a report that it is being sold to Danish-based DSV. The Bloomberg news agency reported on 3 December that UTi is in “advanced talks to sell itself to DSV A/S”.

The US firm said, however: “Although UTi can confirm that exploratory conversations have taken place between the companies, in response to an inquiry from DSV‎ A/S, those discussions never progressed beyond a preliminary stage. Currently there are no discussions taking place between the companies.”

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