Panalpina’s Fate and the M&A Outlook for 2019
Logistics Trends and Insights
JANUARY 27, 2019
Panalpina, along with five oil service companies, were fined for bribing officials in such countries as Angola, Azerbaijan, Brazil, Kazakhstan, Nigeria, Russia and Turkmenistan from 2002-2007. Like many companies, Panalpina has had its ups and downs. Remember the oil scandal back in 2010? The money went to customs agents to facilitate imports on behalf of Panalpina customers like Shell and Transocean among others. The result was that Panalpina agreed to give up $11.3
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