Transindia Real Estate (TREL), an Allcargo Group company, has signed a definitive agreement to sell its logistics park at Jhajjar in Haryana at an enterprise value of approximately ₹636.71 crore. The deal consummation...
EU clears acquisition of Bollore logistics by CMA CGM, subject to conditions
The EU Commission on Friday said it had cleared the acquisition of the logistics operations of conglomerate Bollore by shipping group CMA CGM(CMACG.UL), subject to a number of conditions proposed by the companies. The...
Allcargo Logistics creating a more simplified structure
After successful demerger followed by separate listing of its Container Freight Stations/Inland Container Depots Business and Equipment Rental, Logistics Parks and other Real Estate assets, Allcargo Logistics Limited...
France’s CMA CGM to buy UK logistics firm Wincanton for $700 mln
French shipping firm CMA CGM is set to buy British logistics firm Wincanton for about $700 million in a cash deal that will take the Marseille-based group’s push in logistics into the UK supermarket sector. The...
Brazil logistics firm Sequoia to merge with peer MOVE3
Brazilian logistics firm Sequoia Logistica has signed a preliminary agreement with shareholders of peer Grupo MOVE3 for a merger of the companies, it said in a securities filing. Under the stock deal, Sequoia would...
Canadian logistics firm TFI International to buy Daseke in $1.1 bln deal
Canadian logistics company TFI International said it would buy Daseke, an operator of flatbed and specialized trailers, in a $1.1 billion deal, including debt, to scale up its truckload business. TFI agreed to pay $8.30...
Adani Logistics acquires 50% shares of Veracity Supply Chain Ltd
Adani Logistics Ltd on Tuesday said it has acquired a 50 per cent stake in Veracity Supply Chain Private Ltd (VSCPL). VSCPL, which was incorporated on Tuesday, has an authorised and paid-up share capital of Rs 10,00,000...
Tata Motors to acquire 27% stake in logistics startup Freight Tiger for Rs 150 crore
Tata Motors Ltd said it will buy a 26.79% stake in digital logistics solutions platform Freight Tiger for Rs 150 crore, with an additional investment of Rs 100 crore planned over the next two years. Freight Tiger...
Pakistani ecommerce logistics startup Rider looking to acquire BlueEx
Pakistani ecommerce logistics startup Rider, backed by YCombinator, is looking into acquiring BlueEx the only listed Express Courier Logistics Company in Pakistan, it told Reuters on Thursday. Venture funding in...
IndoSpace to invest $1 billion to acquire new warehousing, logistics assets in India
Private equity major Everstone Group-backed industrial real estate and logistics parks developer IndoSpace is looking to deploy over $1 billion to acquire new warehousing and logistics assets across India over the next...
Carlyle to sell its entire 2.53% stake in logistics firm Delhivery
Private equity firm Carlyle will sell its entire 2.53 per cent stake in Gurugram-based logistics firm Delhivery via its special purpose vehicle CA Swift Investments, according to a report by news agency Reuters. Carlyle...
Allcargo Logistics closes 30% stake purchase from KWE in Gati subsidiary
Allcargo Logistics said it has completed the acquisition of 1.50 lakh shares, or 30% stake, in Gati-Kintetsu Express (GKEPL) for Rs 406.71 crore. Allcargo’s subsidiary, Gati already holds 70% stake in GKEPL. “With...