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지나쌤

CJ Logistics acquires 50% stake of Darcl Logistics

By Korea Herald

Published : April 26, 2017 - 15:32

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South Korea‘s largest logistics company, CJ Logistics, announced Wednesday plans to acquire a 50 percent stake in India’s Darcl Logistics to become the company’s largest shareholder.

CJ Logistics said it will acquire more than 11.9 million shares of Darcl Logistics at 57.06 billion won ($50.6 million), equivalent to roughly 2.08 percent of its consolidated capital last year. 

(CJ Logistics) (CJ Logistics)

Darcl Logistics is a comprehensive logistics company that conducts land, railway, maritime and heavy cargo transportation operations. The company is currently ranked No. 1 in the Indian transportation sector and No. 3 in general logistics. 

In September last year CJ Logistics bought a 31.5 percent stake in Malaysia’s No. 2 logistics company, Century Logistics Holdings for 47.6 billion won to become the Malaysian firm’s largest shareholder.

By Julie Jackson (juliejackson@heraldcorp.com)

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