ECS Group acquires AVS GSA Group

FDX: CAPITAL STRUCTURE ADJUSTMENTPLD: DOWN SHE GOESPLD: REIT DEAL-MAKINGFDX: HOLDING UPVW: BIG DIVESTMENTAMZN: AI INVESTMENTMAERSK: ANOTHER UPGRADE GXO: CONTRACT RENEWALFDX: SELL-SIDE REACTION TO INTERIMSFDX: CONF CALL FDX: EARNINGS BEAT FDX: FREIGHT SPIN-OFF UPSIDEPLD: 'OPPORTUNISTIC DEAL-MAKING'PLD: REJECTED BY SEGROPLD: HUNTINGKNIN: BOND FINANCINGWTC: UP WE GO

FDX: CAPITAL STRUCTURE ADJUSTMENTPLD: DOWN SHE GOESPLD: REIT DEAL-MAKINGFDX: HOLDING UPVW: BIG DIVESTMENTAMZN: AI INVESTMENTMAERSK: ANOTHER UPGRADE GXO: CONTRACT RENEWALFDX: SELL-SIDE REACTION TO INTERIMSFDX: CONF CALL FDX: EARNINGS BEAT FDX: FREIGHT SPIN-OFF UPSIDEPLD: 'OPPORTUNISTIC DEAL-MAKING'PLD: REJECTED BY SEGROPLD: HUNTINGKNIN: BOND FINANCINGWTC: UP WE GO

ECS & AVS
from left to right: Thomas Ong, Group CEO of AVS GSA, Bertrand Schmoll, Group Chairman & CEO of ECS Group and Monchai Jirakiertivadhana, Group Chairman AVS GSA
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Expanding rapidly in strong air freight markets in emerging economies like Turkey, global GSSA leader ECS Group has acquired a majority stake in AVS GSA.

The deal was signed in Singapore, one of the two regional headquarters of AVS GSA Group, on June 21, 2016, in the presence of Monchai Jirakiertivadhana, group chairman of AVS GSA, Bertrand Schmoll, group chairman & chief executive of ECS Group, Thomas Ong, group schief executive of AVS GSA and Adrien Thominet, group chief operating officer of ECS Group.

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