Christian Salvesen: European acquisition sweep

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Christian Salvesen: turnaround of UK transport business essential

Christian Salvesen's half-year results show a small increase in profit and turnover. Yet these largely positive figures hide a mixed bag of geographic and operational performance: while the forthcoming tie-up with APL Logistics is a good strategic move, the company must not neglect critical issues in its home market.

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FCC: expansion beyond Iberia must be next step

Fomento de Construcciones y Contrates' (FCC) E128 million move has created the second largest domestic transport and logistics company in Spain. While the acquisition fits FCC's strategy and will help diversify the company's expertise, more will now have to be done to extend its presence outside Spain and Portugal.

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Iberdrola: delivering energy in Portugal

Iberdrola currently has 12% of the partially liberalized Portuguese market. Its goal is to take 15-20% within five years, once the market has been fully deregulated. To achieve this, Iberdrola requires two things: a sizeable residential customer base and successful sales methods. Using CTT's network alongside other distribution channels may prove the best way to get them.

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Logista: ambitions beyond Iberia

Logista has won a new contract with Imperial Tobacco. The deal extends their agreement until 2006, and also sees the contract's scope expand into neighboring Portugal. Logista, the logistics arm of the Spanish tobacco and distribution group Altadis, will be looking to expand further but will require a major acquisition if it is to become a significant European logistics provider.

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TNT Express/Postlog: parcels on their way

TNT Express, a division of TPG, has signed five years' agreement with Postlog, the express division of Portuguese postal service CTT Correios, to provide co-branded worldwide delivery products. The deal is part of TNT's wider partnership strategy; the company aims to enhance its brand awareness and to build a stronger global network.

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