News / ECU Worldwide eyes investment to accelerate global network expansion

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India’s Allcargo is looking for investment to accelerate the development of its global network via ECU Worldwide, its LCL consolidator subsidiary.

A note to the stock exchange at the end of September, which said Allcargo Belgium had appointed Jefferies to “evaluate fundraising opportunities for private equity and strategic investment in international supply chain business, which operates under the brand name ECU Worldwide”, was widely interpreted as notice of a sale or partial sale.

However, Allcargo insisted instead that it is looking for ...