HONG KONG -- SF Holding said on Wednesday that it will acquire a controlling stake in Kerry Logistics Network in a deal valued at 17.55 billion Hong Kong dollars ($2.26 billion), marking a major advance for the Chinese courier company into the wider Asian region.
Transportation
SF Holding to buy Kerry Logistics to expand reach beyond China
$2.26bn deal with Hong Kong company is major step into greater Asian region
SF Holding is keen on adding Kerry Logistics Network's wide global network with its presence in 59 countries and regions, particularly in Asia. © Reuters
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