Abu Dhabi oil giant ADNOC intends to offer 15% of its shares in unit ADNOC Logistics & Services through an initial public offering (IPO) on the Abu Dhabi stock exchange, the company said. ADNOC will offer about 1.1...
S.African logistics property firm Equites exploring sale of UK business
South African specialist logistics property group Equites said that it plans to sell its logistics business in the United Kingdom as a way to unlock value amid rising interest rates impacting asset valuations. Globally...
France’s CMA CGM commits to buy Bollore logistics unit for $5.5 bln
French shipping group CMA CGM has committed to buy the logistics operations of family-run conglomerate Bollore for an enterprise value of 5 billion euros ($5.5 billion), the two companies said on Monday. CMA CGM granted...
Shopify divests logistics arm to Flexport in strategic reversal
Shopify Inc has divested the logistics arm it built over the past few years, in a reversal of its strategy of aggressively investing in fulfillment networks, the Canadian e-commerce platform said on Thursday. It has...
French shipper CMA CGM offers $5.5 bln for Bollore logistics unit
French shipping group CMA CGM is offering 5 billion euros ($5.48 billion) for the logistics unit of Bollore, the family-run conglomerate said on Tuesday. For Bollore a deal would mean cutting ties with its biggest...
Holcim acquires British recycling company Sivyer Logistics
Holcim has acquired Sivyer Logistics, a British company which recycles construction and demolition waste in London. Sivyer currently handles roughly 1 million tons of materials per year, using recycling and recovery...
Metals logistics platform MineHub to acquire Waybridge for $2.5 mln in shares
Canada’s MineHub Technologies Inc, which has digitised trade finance and logistics in metals and mining, agreed to buy rival Waybridge for $2.5 million in MineHub shares, the firms said on Thursday. Online...
Maersk nears complete Russia exit after selling logistics sites
Shipping and logistics group A.P. Moller-Maersk has agreed to sell its two logistics sites in Russia to IG Finance Development Limited, it said on Monday, nearly marking the end of its business activities in the country...
Mapletree Investments Acquires KSH Infra’s logistics asset
Mapletree Investments has acquired the remaining assets of a logistics park owned by KSH Infra Industrial Park Pvt Ltd, a subsidiary of Pune-based KSH Infra Group, for around ₹320 crore (around $38.7 million)...
Shipping company MSC Group completes purchase of Bollore Africa Logistics
French conglomerate Bollore, run by the family of billionaire Vincent Bollore, said on Wednesday it had completed the sale of its Bollore Africa Logistics arm to shipping company MSC Group. The Bollore company added the...
China’s Fosun seeks to sell stake in Alibaba’s logistics arm Cainiao- sources
Debt-laden Chinese conglomerate Fosun International is seeking to offload a minority stake in Alibaba Group’s logistics arm Cainiao, in a deal that could fetch up to $1 billion, two people with direct knowledge of...
Trafigura’s Puma Energy completes oil logistics sale
Trafigura’s Puma Energy said it had completed the sale of infrastructure assets to ITG Sarl, the parent of a Trafigura joint venture called Impala Terminals, as part of a plan to refocus the unit and reduce its...