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Kerry Logistics takeover by SF Holding creates ‘biggest logistics group in Asia’

February 10, 2021 by Choice Aviation Services0Air Cargo

Chinese express giant SF Holding is to acquire a 51.8% stake in Hong Kong’s Kerry Logistics Network – a landmark $2.3bn deal creating the “biggest logistics group in Asia”.
In a filing to the Shenzhen stock exchange late last night, SF Holding, which operates courier firm SF Express, said the move would help expand its international footprint and freight forwarding operations through Kerry’s extensive South-east Asia network and its strength on …

The post Kerry Logistics takeover by SF Holding creates ‘biggest logistics group in Asia’ appeared first on The Loadstar.

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