ABX LOGISTICS Worldwide NV/SA has entered into an agreement to settle a US class action lawsuit alleging anticompetitive practices in relation to certain surcharges for freight forwarding services. The class action lawsuit is related to ABX LOGISTICS Worldwide NV/SA, a subsidiary taken over in 2008 in connection with DSV’s acquisition of ABX LOGISTICS.
The settlement, which is subject to US court approval, provides that ABX LOGISTICS Worldwide NV/SA will pay an amount of USD 3.5 million.
DSV intends to seek reimbursement of the financial loss from the previous owners of ABX LOGISTICS in accordance with the agreements made with these parties. On this basis, DSV believes that the case will have no impact on the financial position of the Group.
Any questions may be addressed to Flemming Nielsen, Investor Relations Director, on tel. +45 43 20 30 40.