Completion of the Sale of APL Logistics Ltd to Kintetsu World Express, Inc
posted by AJOT | May 29 2015 at 09:38 AM | Ports & Terminals
Neptune Orient Lines Limited (“NOL”) is pleased to announce that it has today completed the sale of its logistics business, APL Logistics Ltd (“APLL”), to Kintetsu World Express, Inc. (“KWE”) for an aggregate purchase price of USD1.2 billion, subject to adjustments for the net cash and net working capital of APLL and its subsidiaries as at the completion date.
NOL will announce the final purchase price after such adjustments have been determined.