U.S. logistics company FedEx Corp is close to taking a stake in German parcel delivery firm Hermes, the Handelsblatt newspaper reported on Wednesday.
) is close to taking a stake in German parcel delivery firm Hermes, the Handelsblatt newspaper reported on Wednesday.
Petra Scharner-Wolff, the finance chief of Hermes, which is owned by e-commerce group Otto, earlier on Wednesday said the firm’s effort to find a strategic partner for its European parcel service had garnered broad interest. While a tie-up with Hermes could create some efficiencies, experts said the deal is not without risks. FedEx is still grappling with its 2016 acquisition of European operator TNT Express, which specializes in shipments between businesses.
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