Real Assets
Hong Kong-based global trading group Li & Fung has sold its logistics arm to Danish shipping giant AP Moller-Maersk for US$3.6 billion as part of a strategic partnership to develop global supply chain services.The sale of LF Logistics, which offers both contract logistics services across Asia and freight management services globally, is expected to close in 2022 pending regulatory approval, Li & Fung said on Wednesday.LF Logistics is jointly owned by Li & Fung, which owns 78.3 per cent, and…

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