Independent journal on economy and transport policy
20:30 GMT+1
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Chinese group HNA formalizes the offer in order to acquire logistic group CWT of Singapore
The proposal has a value of about 995 million dollars
April 10, 2017
Almost a year from the start of negotiations in exclusive right with the C & P Logistics of Singapore in order to buy logistic group CWT Ltd., yesterday Chinese group HNA, through the society integrally controlled HNA Belt and Road Investments (Singapore), has introduced an offer in order to acquire the entire capital of the CWT, company that appoints to a job some six thousand people.
The value of the offer is of 2,33 dollars of Singapore for each action of about the 600 million one actions of the CWT, for a total pairs almost 1,4 billion dollars of Singapore (USA 995 million dollars).
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