Maersk to buy Chinese logistics firm for $3.6 bn
COPENHAGEN – Danish shipping giant, AP Moeller-Maersk, said Wednesday it has agreed to acquire LF Logistics, a subsidiary of Chinese supply chain manager Li & Fung, for $3.6 billion as it seeks to expand beyond its core ocean freight business. “Maersk is now taking another significant step to provide our customers with integrated logistics… shifting the … Read more