Fedex is the likely buyer of the Hermes business in Germany, Great Britain and France
FedEx Corp is close to taking a stake in German parcel delivery firm Hermes, the Handelsblatt reported yesterday.
Petra Scharner-Wolff, the finance chief of Hermes, which is owned by e-commerce group Otto, as reported by Reuters, earlier on Wednesday said the firm’s effort to find a strategic partner for its European parcel service had garnered broad interest.
Also Handelsblatt stated that financial investor Advent was still in the running for a stake in the Hermes in Britain.
Read the full story on Reuters here.
