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Business deals

DHL sells China supply-chain units to top local courier

$790m deal offers SF Express management expertise and rights to use brand

An employee of DHL, in the yellow vest, works inside a General Motors-operated plant in Liuzhou, Guangxi Zhuang Autonomous Region, China.   © Reuters

GUANGZHOU -- China's top private-sector courier SF Express announced on Friday that it will buy the Chinese supply-chain support operations of Deutsche Post DHL Group for 5.5 billion yuan ($792 million), in a deal that would allow SF to use the DHL brand to cater to domestic corporate customers.

Pending approval from Chinese authorities, S.F. Holding, the operator of SF Express, will purchase two of the German company's local units -- one based in Beijing, one in Hong Kong -- which offer logistical support to supply chains in mainland China, Hong Kong and Macau. 

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