Baring Asia completes Korea parcel delivery buyout
Baring Private Equity Asia has announced the acquisition of South Korean courier firm Logen. Details of the deal, said to be worth around KRW160 billion ($140 million), emerged last month prior to closing. The seller is Mirae Asset Private Equity.
Logen is the leading parcel delivery company that focuses on small to mid-volume customers. Its nationwide network of seven terminals, two sub-terminals, 215 agencies and 4,353 truck drivers handled more...
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