News / DP World to take a 60% stake in South Korean forwarder Unico

Global port operator DP World is set to increase its presence in the freight forwarding and logistics sector, agreeing to acquire 60% of South Korean firm Unico Logistics for an undisclosed sum.

DP World said it had begun seeking regulatory clearances and expected the deal to be completed in the fourth quarter of this year.

Unico Logistics is one of South Korea’s largest NVOCCs and has particular focus on the automotive vertical. It has also been a heavy user of the Asia-Europe rail ...