Brief: Elanders And Dimerco Enter Into JV For Air And Sea Freight Forwarding Biz

Elanders AB

03/09/2019 16:03

Sept 3 (Reuters) - Elanders AB  ELANb.ST :
    * REG-ELANDERS AND DIMERCO ENTER INTO A JOINT VENTURE FOR AIR AND SEA FREIGHT FORWARDING
BUSINESS
    * TAIWAN-BASED GLOBAL TRANSPORTATION AND LOGISTICS SPECIALIST DIMERCO ACQUIRES A 25 PERCENT
STAKE
IN ELANDERS' NEWLY FOUNDED SUBSIDIARY, ITG AIR & SEA GMBH
    * DIMERCO ALSO HAS OPTION TO INCREASE ITS STAKE TO 49 PERCENT AFTER TWO YEARS
    * IF NECESSARY APPROVALS ARE OBTAINED AND CLOSING TAKES PLACE THIS TRANSACTION WILL HAVE A
MINOR
POSITIVE EFFECT ON ELANDERS' CASH-FLOW, EQUITY AND NET DEBT IN Q1 OF 2020

Source text for Eikon:  ID:nGNE296dR9 
Further company coverage:  ELANb.ST 

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