DP World has completed its acquisition of Hong Kong-headquartered freight forwarder Cargo Services Far East (CSFE), marking the end of a deal process almost a year in the making.
The deal has been something of an open secret in Hong Kong’s logistics and M&A circles – no price has been disclosed but it has been valued at anything between $300m and $800m by Bloomberg, as well as Loadstar Premium, in March …
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