Schenker buys Siemens out of joint venture

2008-7-1

Schenker has acquired from Siemens the remaining 49 percent shareholding in the Schenker Industrial Logistics joint venture, effective retroactively to January 1 of this year.

A contract to this effect has now been signed.

The company was founded in 2003, but even as a JV the management of the company's business operation was always Schenker's responsibility.

Source: cargonewsasia.com
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