Brazilian freight marketplace Frete.com has completed its first acquisition, of transportation management software provider InterSite. Focused on managing transportation of agricultural commodities, InterSite has around...
DHL strikes deal to buy up to 9.5% stake in Canada’s Cargojet
DHL Express Division, an affiliate of Deutsche Post DHL Group, struck a deal with Cargojet Inc, which would give the German company an option to buy up to 9.5% equity stake in the Canadian firm. Cargojet said on Tuesday...
Localiza, Unidas close to assets sale to win merger approval -report
Brazilian rental car firms Localiza and Unidas, formally known as Companhia de Locacao das Americas, are close to selling assets to win approval from antitrust watchdog Cade for their merger, newspaper O Estado de S...
French shipping firm CMA CGM buys part of Ingram Micro in $3 bln deal
France’s CMA CGM said it had agreed to buy most of Ingram Micro’s Commerce & Lifecycle Services (CLS) activities in a deal valued at $3 billion, adding this was aimed at accelerating the shipping...
Corporate transportation firm Gett takes $1 billion SPAC deal route to go public
Corporate transportation company GT Gettaxi Ltd (Gett) will go public by merging with a blank-check firm in a deal valued at $1 billion, the company said on Wednesday. Gett offers corporate fleets, ride-hailing services...
National Express in talks for all-share takeover of Stagecoach
British transport company National Express is in talks to acquire rival operator Stagecoach Group in an all-share deal, offering scope for cost savings and underpinning their recovery from COVID-19. The tie-up, which...
Uber’s trucking unit to buy logistics planner Transplace for $2.25 bln
Uber Technologies Inc’s trucking business is buying transportation logistics company Transplace for about $2.25 billion from private equity firm TPG Capital, in a deal that is expected to speed up the unit’s...
FirstGroup to sell North American bus units to EQT Infrastructure funds – Sky
British transport operator FirstGroup Plc is selling two North American-based bus units to funds managed by EQT Infrastructure for about $4.6 billion, Sky News reported on Thursday. The deal, which Sky said would be...
Allcargo eyes Concor stake, in talks for partner
Allcargo Logistics is planning to bid for stakes in state-run Container Corp of India and is in advanced discussions with a foreign investor to partner in the planned purchase. “Of course, we are very interested,”...
NCLT approves Rs 707.70 cr claim of IL&FS’s FSEL from NHAI
The National Company Law Tribunal (NCLT) has given approval to the settlement of Rs 707.70 crore claim made by Fagne Sonagarh Expressway (FSEL), a special purpose vehicle of IL&FS for the expressway project, from...
Atlantia investors approve demerger of motorway assets
Shareholders in Atlantia on Friday approved the split of Autostrade per l’Italia, as the Italian infrastructure group moves to part ways with the motorway unit running a bridge that collapsed in 2018 killing 43 people...
Govt to invite EoIs for strategic divestment of Container Corporation by month end
The government is likely to seek expression of interest for strategic divestment of Container Corporation of India by end of the month, as it pushes forward with its disinvestment drive in the ongoing financial year...
