Marine Link
Tuesday, December 11, 2018

Neptune Orient Lines Sells Logistics Business

Maritime Activity Reports, Inc.

May 29, 2015

Photo: APL Logistics

Photo: APL Logistics

Neptune Orient Lines sells APL Logistics to Kintetsu World Express
 
Neptune Orient Lines Limited (NOL) announced that it has completed the sale of its logistics business, APL Logistics Ltd (APLL), to Kintetsu World Express, Inc. (KWE) for an aggregate purchase price of $1.2 billion, subject to adjustments for the net cash and net working capital of APLL and its subsidiaries as at the completion date.
 
NOL said it will announce the final purchase price after such adjustments have been determined.
 
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