Chemtrade Logistics Income Fund (CHE_u.TO) said it would buy chemicals and handling company Canexus Corp (CUS.TO) for C$1.65 in cash per share, as it looks to expand its existing platform and markets. The deal, which...
TVS Infrastructure in talks to buy 86% stake in MJ Logistics
Eredene Capital Plc is in talks with TVS Infrastructure Ltd to sell its entire stake in MJ Logistics Services Pvt. Ltd for approximately Rs80 crore, two people with direct knowledge of the matter said. “The AIM...
Tata Steel sells unit to Adani Ports for about Rs106 crore
Tata Steel Ltd on Wednesday said its subsidiary TM International Logistics Ltd had divested its entire holding in TM Harbour Services Pvt. Ltd to Adani Ports and Special Economic Zone Ltd for Rs106.27 crore in an all...
Tesoro Logistics boosts midstream business in deals worth $1.1 billion
Tesoro Logistics LP (TLLP.N) said it would buy some oil, natural gas, and other gathering systems in North Dakota for about $700 million, and will also acquire terminal and storage assets from major shareholder Tesoro...
Kerala’s KTC Group to offload stake in logistics business
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...
