South Korean state tightens control of HMM amid privatisation questions
Korea Development Bank (KDB) and Korea Ocean Business Corp (KOBC) on Tuesday increased their stake ...
A Bahri ship © Madscica |
By Alex Lennane
Bahri, the national shipping company of Saudi Arabia, may have been thwarted in its attempt to buy DB Schenker – but it’s still on the lookout for M&A targets.
Sources told ION Analytics Bahri was looking at overseas expansion and was particularly interested in asset-light companies, like freight forwarders, with annual revenue of at least €1bn. It is prepared to pay between €1bn and €3bn for full ownership – although, reportedly, would pay more for the right company.
One to watch.
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