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S.F. Holding to buy Kerry Logistics for $2.3 bn

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Logistics Update Africa
S.F. Holding to buy Kerry Logistics for $2.3 bn

S.F. Holding is planning to buy Kerry Logistics Network for $2.3 billion deal for its global expansion.

According to a company release, the courier company plans to buy a 51.8 percent stake in Hong Kong-listed Kerry Logistics at HK$18.8 per share.

The cooperation will bring together the core competencies of S.F. Holding and Kerry Logistics Network across multiple verticals to create a leading Asia-based global logistics platform to meet ever-changing demands.

https://www.logupdateafrica.com/sf-holding-to-buy-kerry-logistics-for-23-bn

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