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The full share transaction is expected to be completed in the third quarter (Q3) of 2021, according to the company's recent bourse filing.
In return, Agility will become the second-largest shareholder in DSV with a stake of around 8% in the combined company.
It is noteworthy to mention that in late April, the company's board has approved to sign an agreement with DSV Panalpina to sell its global integrated logistics business for an equity value of $4.1 billion.
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