Independent journal on economy and transport policy
07:03 GMT+2
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Kerry Logistics buys the US Company Topocean Consolidation Service (Los Angeles)
Transaction worth up to $240 million
February 21, 2022
Hong Kong-based logistics company Kerry Logistics has signed an agreement with the US shipping company Topocean Group to buy the Topocean Consolidation Service (Los Angeles), Inc., the Los Angeles branch of the American company. The transaction, which will be completed in four tranches, will a value of up to 240 million dollars. The company of Los Angeles will be sold by Robert Chin Yang Wang and Andy Hsien Cheng Wang who currently hold 77.46% and the 22.54% of the company's capital.
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