SF Holding to buy DHL's supply chain business in mainland China, Hong Kong and Macau from Deutsche Post's DHL for CNY5.5bn

Deutsche Post DHL Group, the world's leading mail and logistics company, will transfer its supply chain operations in China to S.F. Holding, a leading premium logistics service provider in the country. The transaction involves the supply chain business in Mainland China, Hong Kong and Macau. This has no bearing on Deutsche Post DHL Group's business activities in international express, freight transport and e-commerce logistics solutions in those regions. As part of this strategic deal, Deutsche Post DHL Group will receive an upfront payment of CNY5.5bn ($791.6m) and a revenue-based partnership fee over the next ten years. S.F. Holding will have access to Deutsche Post DHL Group's best-in-class supply chain services, management expertise, transportation and warehousing technology. This strategic partnership will allow Deutsche Post DHL Group to continue to participate in the fast-growing Chinese supply chain market, leveraging S.F. Holding's extensive domestic infrastructure, distribution network and broad base of local customers. This will accelerate the expansion of the co-branded organization's customer base. Deutsche Post DHL Group is committed to enhancing the organization's product and services offering by providing the breadth of its global supply chain expertise.