NOL sells APL Logistics to Kintetsu for .2 billion
HONG KONG — Neptune Orient Lines has sold APL Logistics to Kintetsu World Express for $1.2 billion in a stunning deal that gives the Singapore-listed group a net gain of more than $900 million.The proceeds will go towards strengthening the group’s balance sheet after four consecutive years of losses. NOL…
NOL sells APL Logistics to Kintetsu for .2 billion
Journal of Commerce