The Japanese shipping group Kawasaki Kisen Kaisha ("K" Line) will sell 47% of the share capital of its logistics branch "K" Line Logistics to the compatriot Kamigumi Co., a company that operates mainly in the logistics and port operations. The agreement provides that "K" Line establishes a holding company that will become a company parent company of "K" Line Logistics and to which the group "K" Line will contribute the entire capital of "K" Line Logistics, which is currently 95.96% owned by Kawasaki Kisen Kaisha is 4.04% owned by Kawasaki Heavy Industries. Subsequently, "K" Line will transfer 47% of the entire share capital of the holding company to Kamigumi, operation which, according to forecasts, will be implemented on next April 1st.

The new holding company will be called KLKG Logistics Holdings, Co., Ltd., while after the conclusion of Transaction "K" Line Logistics, which has 1,630 employees, including 509 in Japan and 1,121 abroad, will keep its name commercial.

Remembering that the company has been operating logistics services for over 60 years playing an important role as a primary activity logistics of the "K" Line, the "K" Line Logistics highlighted that with the new significant alliance The company aims for further growth in the domestic and by leveraging both the global network of services and the know-how of Kamigumi.