Allcargo Logistics to acquire Germany-based logistics company

Image
Capital Market
Last Updated : Nov 25 2022 | 10:16 AM IST
Allcargo Logistics announced that its subsidiary, Allcargo Belgium N.V. (WOS) has entered into a Share Purchase Agreement with NBG Logistik Beteiligungs- und Beratungsges. mbH to acquire 75% stake in Fair Trade GmbH Schiffahrt, Handel und Logistik. The Shareholders Agreement would be signed in due course of time. The cost of the acquisition is approx. EUR 12 million.

Fair Trade GmbH Schiffahrt, Handel und Logistik is a FCL and LCL consolidation services provider, operating in Germany with offices in Bremen and Hamburg. The company handles inbound and outbound freight to / from multiple destinations globally.

Powered by Capital Market - Live News

Disclaimer: No Business Standard Journalist was involved in creation of this content

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Nov 25 2022 | 9:58 AM IST

Next Story