Fund Management

Danish investor believes DSV should have steered clear of Saudi project

Maj Invest would have preferred that DSV had not entered into a major agreement with Saudi Arabia. ”It’s an unpleasant partner,” says its Head of Equities.
There is a huge focus worldwide on the Saudis’ future project, so if something goes wrong, it will be noticed everywhere, says Karsten Søndermølle, Head of Equities at Maj Invest. | Photo: Pexels: Dalya Al.
There is a huge focus worldwide on the Saudis’ future project, so if something goes wrong, it will be noticed everywhere, says Karsten Søndermølle, Head of Equities at Maj Invest. | Photo: Pexels: Dalya Al.
by DAG HOLMSTAD, SEBASTIAN SCHLÜTER JACOBSEN

Even though Danish transport and logistics company DSV will probably earn around DKK 3.5bn (USD 508m) annually by providing logistics services to a new desert city in Saudi Arabia, the company runs a huge risk of damaging its reputation, says Maj Invest.

Already a subscriber?Log in here

Read the whole article

Get access for 14 days for free. No credit card is needed, and you will not be automatically signed up for a paid subscription after the free trial.

With your free trial you get:

  • Access all locked articles
  • Receive our daily newsletters
  • Access our app
    • Must be at least 8 characters, including three of: Uppercase, lowercase, numbers, symbols
    Must contain at least 2 characters
    Must contain at least 2 characters

    Get full access for you and your coworkers

    Start a free company trial today

    Share article

    Related articles

    Sign up for our newsletter

    Stay ahead of development by receiving our newsletter on the latest sector knowledge.

    Newsletter terms

    Front page now

    Further reading