Danish transport company DFDS and Turkey-based Ekol Lojistik ⁇ in's agreement involving the sale of the Turkish company's inter-country transport unit resulted in a negative result.
Ekol Logistics announced that it has withdrawn from the contract. The acquisition was expected to be around 1.9 billion Danish kronor (about $277 million).
Why is the agreement broken?
Ekol Logistics Board of Directors Leader Ahmet Mosul gave information about the reason for the deterioration of the agreement in his written statement.
Mosul noted: During the period of our customs activities to DFDS company with inter-country land, air and sea transportation, which has been continuing for more than two years; In the last stage, we faced unfair demands that did not coincide with our values, principles and professionalism and were not in our agreement. That's why we decided to withdraw from the board. In this process, transparency, honesty and observing the long-term interests of our company became our basic principle. ⁇
In April 2023, the Competition Board approved DFDS ⁇ to purchase Ekol Lojistik ⁇ 's international transportation unit, which forms a wide network in the middle of Turkey and Europe.
