Nippon Express acquires 22% stake in India's FSC

AMZN: BIG DEBT FUNDING ON ITS WAYDHL: 'STELLAR EXPRESS'DHL: UPDATEDHL: STRONG PRELIMINARY UPDATE CHRW: STILL VERY BEARISH PLD: 'MOST PREFERRED'ZIM: DEAL OR NO DEALWTC: MOMENTUMDAC: PAYOUTMAERSK: RETURN TO SUEZCHRW: ANOTHER NOTE OF CAUTION MAERSK: EVERY BOOST HELPS

AMZN: BIG DEBT FUNDING ON ITS WAYDHL: 'STELLAR EXPRESS'DHL: UPDATEDHL: STRONG PRELIMINARY UPDATE CHRW: STILL VERY BEARISH PLD: 'MOST PREFERRED'ZIM: DEAL OR NO DEALWTC: MOMENTUMDAC: PAYOUTMAERSK: RETURN TO SUEZCHRW: ANOTHER NOTE OF CAUTION MAERSK: EVERY BOOST HELPS

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Japan’s Nippon Express has bought a 22% stake in India’s Future Supply Chain Solutions (FSC) for some $90.4m. The acquisition brings a seat on the FSC board as it taps into India’s logistics market. According to Hindu Business Line: “FSC and Nippon Express will jointly evaluate leveraging Nippon Express’s competency in diverse sectors for India. FSC plans to leverage Nippon Express’s Japanese and MNC clients for exploring new business opportunities in India, especially for 3PL and express logistics operations”.

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    Future Supply Chain Solutions India Japan Nippon Express