Why China's port giants are sitting out the big M&A cycle
Avoiding the post-mortem
As complex as it may seem, on the face of it the JD Logistics takeover of Chinese courier Deppon Logistics is a sign of the times when it boils down to Chinese firms and the financial merits tied to consolidation.
For a total amount of U$1.4bn-equivalent, the deal for the domestic courier is struck by JD Logistics (JDL) – which, in turn, is majority owned by JD.com. JDL is acquiring a 66.5% stake in a holding company, Deppon Holdco, controlling the ultimate ...
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