The shares of the European Logistic Services Supplier Frans Maas has today reached their highest level since August after the Dutch Merchant Bank Kempen & Co had raised their recommendation for the share of RUN to BUY. Analyst Charles Estourgie of Kempen & co believes that Frans Maas Group is a good candidate for a take-over bid. Estourgie has the feeling that the shareholders become more and more impatient and believes that the current situation can lead also to a hostile offer.

The share opened Wednesday morning at EUR 25.00, as raised during the day to a highest level of EUR 26.70, what is a profit of 6.8% in comparisson of Tuesday. Around 13.45 the share noted EUR 26.25, or 5% stands more higher. At day close, the share noted still EUR 25,00, what is a raise of 4%. In total 83.646 shares were traded today. A normal day average is 3.600 shares a day.

The “Koninklijke Frans Maas Groep N.V.” is a leading European logistics service provider. With a complete package of services and products, the company can offer every business customer a customised solution at local, pan-European and intercontinental level: from international freight forwarding to complex supply chain management projects in which Frans Maas assumes all or part of the customer’s goods flow management. Frans Maas is a specialist in the coordination and optimisation of services that generate added value.

Frans Maas’ strength lies in its combination of infrastructure, expertise and services. The company has a closely-knit and efficient network of 214 locations in 32 countries in Europe. More than 7,400 well-trained employees and an advanced ICT backbone ensure the services are rendered effectively. The European network includes a series of logistics distribution centres that handle the goods of many international customers. For destinations outside Europe, Frans Maas provides a door-to-door service in North America in partnership with FedEx Trade Networks, Inc. Goods flows to and from the Far East are handled by the group’s own locations in Hong Kong and Malaysia and by local partners. In South Africa and India, Frans Maas works with local partners on an exclusive basis.

Frans Maas’ ambition is to grow in a number of selected markets in which it can be a leading independent European logistics service provider. It will realise this position through organic growth, selective acquisitions and continuous improvement in the quality of its service.

In 2004, Frans Maas achieved a net turnover of ? 1,091.4 million. The half-year results of 2005 were very disapointing.

Source: eLOGISTICS staff

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