Deutsche Post-DHL has completed the sale of its supply chain operations in China to SF Holding, for €700m.
The deal will see the two companies partner for 10 years, the new business branded SF DHL Supply Chain China, before separating at the end of that decade.
Chief executive of DP-DHL Frank Appel described the partnership as a “strategic milestone”, adding that he believed it would create a “unique” end-to-end supply chain platform.
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Source: The Loadstar