News / DP World completes Cargo Services acquisition

DP World has completed its acquisition of Hong Kong-headquartered freight forwarder Cargo Services Far East (CSFE), marking the end of a deal process almost a year in the making.

The deal has been something of an open secret in Hong Kong’s logistics and M&A circles – no price has been disclosed but it has been valued at anything between $300m and $800m by Bloomberg, as well as Loadstar Premium, in March this year.

However, with CSFE’s background as a sourcing agent in ...