MSC, Mærsk & CMA CGM – where rivalry doesn't matter (and where it does)
Behind closed doors
ID 177000027
© CristinaConti
| Dreamstime.com
There was a strong sense of déjà vu when reading the news that Japan Post had agreed to take a large minority in KKR-owned Logisteed, previously known as Hitachi Transport System (HTS), last week.
Entry
The Toll Group owner has agreed to acquire a 19.9% stake* in the Tokyo-based logistics provider, which is widely understood to be an IPO prospect as rumours swirl, even more so at a time when, incidentally, Japanese and US equites trade at new records.
(*Voting rights: 14.9%; economic ...
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