Announced
Completed
Financials
Sources
Tags
express logistics
India
Express Courier / Parcels
Acquisition
Minority
Private
Completed
Friendly
Single Bidder
Cross Border
Synopsis
Allcargo Logistics, a logistics company, completed the acquisition of a 30% stake in Gati-Kintetsu Express from Kintetsu World Express, a freight forwarding company, for $49m. “It has been a fruitful association with KWE. The Share Purchase will offer Allcargo Logistics, along with its subsidiary Gati, full ownership and control and facilitate strategic decision-making in the company,’ Shashi Kiran Shetty, Allcargo Founder and Chairman.
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