Kerala Transport Co. (KTC) Group plans to raise about Rs100-150 crore by selling a minority stake in its logistics division, according to two people aware of the development. The group has appointed a Chennai-based...
Sunoco, Exxon combine pipeline assets in new joint venture
Sunoco Logistics Partners (SXL.N) said on Wednesday it is forming a joint venture with Exxon Mobil (XOM.N), giving the midstream company strategic assets near the Dakota Access line while expanding its West Texas...
GIC to acquire European logistics firm P3 for $2.7 bln
Singapore sovereign wealth fund GIC has agreed to acquire European logistics property company P3 Logistic Parks for 2.4 billion euros ($2.7 billion), in what it said would be the largest European real estate transaction...
Palogix Infra in talks with private equity firms to raise Rs150 crore
Mumbai: Logistics company Palogix Infrastructure Pvt. Ltd is in talks with private equity (PE) firms to raise up to Rs150 crore to fund its expansion and provide an exit to investor Bessemer Ventures, two people aware...
Bhoruka Logistics in talks with PE, strategic investors to raise Rs100 crore
Mumbai: Bhoruka Logistics Pvt. Ltd, a Mumbai-headquartered logistics firm, is in talks to raise Rs.100 crore from private equity (PE) and strategic investors, said two people aware of the development. Bhoruka Logistics...
Allcargo Logistics’ parent forms a new joint venture
Mumbai: Logistics operator Avvashya Group Thursday said it has formed a new company by consolidating three of its businesses. The new venture, to be called Avvashya CCI Logistics Pvt. Ltd brings together its warehousing...
Snapdeal is not ready to sell its GoJavas stake
BENGALURU & NEW DELHI: Online retailer Snapdeal, which owns a sizeable stake in logistics provider GoJavas, does not plan to sell its holding even as the promoters of the Gurgaon-based company aggressively scout for...
Pigeon Express in talks to acquire GoJavas
Bengaluru/New Delhi: Courier service provider Pigeon Express Pvt. Ltd is in advanced talks to acquire e-commerce focused logistics service provider GoJavas (Quickdel Logistics Pvt. Ltd), which suspended operations last...
Hubei Yichang Transportation Group completes full acquisition of project company
Hubei Yichang Transportation Group Co Ltd : * Says the co completes acquisition of 35.31 percent stake in Hubei logistics firm (project company) * The project company becomes the wholly owned subsidiary of the...
Super Group announce acquisition of Fleet Hire
Super Group Ltd : * Acquisition of Fleet Hire by SG Fleet Group * Acquisition of a UK company, Fleet Hire, a provider of contract hire, salary sacrifice, short-term rental and fleet management services * Total value of...
Hapag-Lloyd warns on profit, seals UASC merger deal
German container line Hapag-Lloyd warned investors that profit would fall in 2016 and signed a binding agreement with Arab peer UASC to form the world’s fifth-largest shipping company in response to a global...
Macquarie Bank sells entire stake in Gati over legal war
MUMBAI: The Australian investment bank Macquarie Bank has sprung a surprise and decided to go back on its bet on leading logistics and express delivery service provider GatiBSE 0.17 % Ltd, by cashing out of its entire 5...
