Rails / Roads - Freight
Kuwait and Gulf Link Transport Co KSCC to Acquire Remaining Shares in National Cleaning Co KSCC
Kuwait and Gulf Link Transport Co KSCC announced that it has received an approval from Kuwait Capital Markets authority to acquire the remaining shares of National Cleaning Co KSCC at KWD 0.132 per share.
DSV A/S Acquires Airmar Cargo S.A.
DSV A/S announced that it has signed an agreement to acquire its exclusive agent in Colombia, Airmar Cargo S.A. This transaction will strengthen DSV’s foothold in the South American market, by adding 60 employees and four branches (in Bogota, Medellin, Cali and Cartagena) to its network. By entering the Colombian market, DSV is present in 75 countries. Airmar Cargo S.A. was founded in 1997 in Bogota. It is active in the seafreight forwarding export market from Colombia to the Central American and Caribbean countries and DSV’s exclusive agent since 2009. It achieved in 2012 a gross turnover of USD 8 million. The transaction, which takes the form of an asset deal, has been submitted to Colombian competition authorities and is expected to close around September1, 2013. Financial terms of the transaction have not been disclosed.
Tiong Nam Logistics Hldg Bhd Acquires New Subsidiary
Tiong Nam Logistics Hldg Bhd announced that it has on June 18, 2013 acquired 2 ordinary shares of MYR1.00 each in cash or equivalent to 100% of the issued and fully paid-up capital of Excellent Castle Sdn. Bhd. The sources of finance for the Acquisition are from internal generated funds.
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Sector Summary
| Energy | |
| Basic Materials | |
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| Cyclical Goods & Services | |
| Non-Cyclical Goods & Services | |
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| Technology | |
| Telecoms |
| DOW | 15,044.30 | +0.46% | |
| S&P 500 | 1,623.26 | +0.51% | |
| NASDAQ | 3,450.08 | +0.45% | |
| TR US Index | 147.33 | +0.46% |
Analyst Research
| Report Title | Price |
|---|---|
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Provider: Bohai Securities Co.,Ltd.
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$35.00
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Provider: Wright Reports
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$35.00
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Provider: Wright Reports
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$65.00
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Provider: Wright Reports
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$35.00
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Provider: Wright Reports
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$75.00
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