The Danish shipping and logistics group DFDS has announced the renunciation of the acquisition of the international transport network of the Turkish Ekol Logistics, an operation that the Scandinavian group had announced last spring ( of 9 April 2024). Specifying that the transaction was subordinate regulatory approvals and certain contractual conditions, DFDS explained that the latter are not met within the agreed deadline and therefore DFDS has the agreement is terminated and the transaction will not take place.

The Turkish company replied that it had decided to withdraw from the agreement "because - said the president of Ekol Logistics, Ahmet Musul - we were faced with requests that did not coincide with our values, with our principles and with our professionalism". "Twenty-four hours before the passage of the added Musul - we were faced with a request for review and reduction of the value of the agreement by the president of DFDS. We replied that if they had insisted on asking for a discount would have canceled the transaction. It was not for the digit. It was inappropriate for them to make this request on the last day and we cancelled the agreement".

Meanwhile, the Danish group has announced a downward adjustment of the forecasts for the financial year 2024 which it now considers will be filed with an operating profit of between 1.5 and 1.7 billion Danish kroner compared to the previous forecast of 1.7-2.1 billion. Annual revenue growth, first expected to be between +8 and +11%, is now expected to +8-10%. DFDS specified that this revision is a consequence of a more widespread slowdown in the European market compared to previously envisaged and to more Lockout in land transport markets in Northern Europe and in the maritime transport of rolling stock in the Mediterranean, with current conditions that the company believes will continue for the remaining part of 2024, while previously a recovery in the last part of the year. DFDS also specified that the termination of the contract with Ekol Logistics could also have some financial impact in the fourth quarter of 2024.