DSV buys stake in Pakistan company
DSV Air & Sea Holding, a unit of Danish freight forwarder and logistics group DSV, has acquired 20 percent of Country Logistics (PVT) Ltd. in Pakistan with an option to buy the remaining shares within three years. Financial details were not disclosed.
The Pakistan company, already a partner in the DSV global network, will operate as DSV Air & Sea (PVT) Ltd.
“This investment is seen as an important development in the expansion strategy for the Sub Continent region, where DSV Air & Sea Holding already has own operations in India and Bangladesh,” DSV said in a statement.
DSV buys stake in Pakistan company
