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DP World to Acquire Majority Stake in South Korea's Unico Logistics

Logistic News - Published on Wed, 05 Aug 2020

Image Source: DP World UNICO Logistics
Dubai based provider of worldwide smart end-to-end supply chain logistics DP World has agreed to acquire a 60 per cent shareholding in UNICO Logistics Co Ltd. The transaction, subject to regulatory clearances, is expected to close in Q4 2020, and represents another strategic step in DP World's vision to build an integrated suite of service offerings that will connect directly with end-customers and beneficial cargo owners to remove inefficiencies in the supply chain and accelerate trade growth.

Established in 2002 by HJ Park and headquartered in South Korea, UNICO has a global footprint of 25 subsidiaries in 20 countries and is one of the largest independent Non Vessel Operating Common Carrier in South Korea. UNICO is a multimodal transport specialist with strong market position in the fast-growing transcontinental rail freight market between East-Asia and Central-Asia and Russia, in particular on the strategically important Trans-Siberian Railway and Trans China Railway

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Posted By : Yogender Pancholi on Wed, 05 Aug 2020
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