Korea's CJ Group enters bidding war for Daewoo Logistics in aim to join top five
Korea seems to be following Japan in the M&A race. CJ Korea Express has said ...
By Alex Lennane
More consolidation in freight forwarding: CJ Korea Express, which was known to be in an acquisitive mood and recently considered buying CEVA, has taken a 31.5% stake in Malaysia’s second largest logistics company, Century Logistics. Century posted $80m in sales last year, and its network will boost CJ Korea’s South-east Asian business.
Comment on this article