Monday, 13 October 2008 |
updated 1 minute ago
10:00 UAE time

YOUR DIRECTORY /

Agility to buy Chinese cargo firm

by This email address is being protected from spam bots, you need Javascript enabled to view it on Thursday, 05 June 2008

FREIGHT DEAL: Agility said it will buy a Chinese freight forwarder in a deal worth up to $30.6 million. (Getty Images)

Kuwait-based Agility, the Gulf's biggest logistics provider by market value, said on Thursday it had signed an agreement to buy a Chinese freight forwarder in a deal worth up to $30.6 million.

The purchase of China's Cosa Freight, will enable Agility to provide marine cargo services in China, Hong Kong, the US and Canada.

The deal is estimated to be worth between $20.8 million and $30.6 millionn, Agility said in a statement on the Kuwaiti bourse website.

Story continues below ↓

Officials at Agility could not be reached for comment. (Reuters)

TOP IN MIDDLE EAST TRANSPORTATION

ALSO IN MIDDLE EAST TRANSPORTATION

LATEST MIDDLE EAST BUSINESS NEWS

USER COMMENTS (0 COMMENTS)
POST A COMMENT

CLICK HERE TO POST A COMMENT

Add your Comment All posts are sent to the administrator for review and are published only after approval. ArabianBusiness.com reserves the right to remove any comment at any time for any reason. Please keep your responses appropriate and on topic.

Name *
Remember me on this computer
Email *	(Your email address will not be published)
City
Country

Subject *

Comment *


Notify me of further comments
Security Code *
Please click post only once - your comment will not be published immediately.