DP World to acquire majority stake in UNICO Logistics
DP World has agreed to acquire 60% shareholding in UNICO Logistics Co., which is one of the largest independent non-vessel operating common carriers (NVOCC) in South Korea.
The transaction, subject to regulatory clearances, is expected to close in the fourth quarter of 2020 and is part of DP World’s vision to build an integrated suite of service offerings that will connect directly with end-customers.
Sultan Ahmed Bin Sulayem, group chairman and CEO of DP World, said: “By integrating UNICO into our worldwide network we will be able to offer better service to our customers in South Korea and beyond.
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