1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
31
32
33
34
35
36
37
38
39
40
41
42
43
44
45
46
47
48
49
50
51
52
53
54
55
56
57
58
59
60
61
62
63
64
65
66
67
68
69
70
71
72
73
74
75
76
77
78
79
80
81
82
83
84
85
86
87
88
89
90
91
92
93
94
95
96
97
98
99
100
101
102
103
104
105
106
107
108
109
110
111
112
113
114
115
116
117
118
119
120
121
122
123
124
125
126
127
128
129
130
131
132
133
134
135
136
137
138
139
140
141
142
143
144
145
146
147
148
149
150
151
152
153
154
155
156
157
158
159
160 
Hays struggles to find a buyer
Page 7
If you've noticed an error in this article please click here to report it so we can fix it.
• The Hays Group is believed to yet to be put on the market.
be struggling to find a buyer for its logistics division—less than two months after putting it up for sale.
Exel, which expressed initial interest in Hays' logistics operations, has dropped out of the race while Tibbett & Britten has revealed that it is no longer involved in the process.
Exel chief executive John Allan confirmed that the company had looked at Hays but was not 'currently involved in the sale process and was extremely unlikely to be involved in the future. We have made our decision," he says.
A number of venture capital firms such as Cinven are also believed to have abandoned the idea of buying it.
Possible bidders might still include Deutsche Post and TNT parent TPG although analysts suggest they are keener to acquire Hays' mall business which has Meanwhile Hays itseif is remaining tight-lipped about the speculation. "We have made it very clear that until there is something concrete to announce we will not be making a statement," says a spokesman.
Earlier in the year Hays Logistics' largest client Waitrose let it be known that it would review its contract in the event of a sale (CM6-12 February).