• ITVI.USA
    15,411.130
    -4.180
    0%
  • OTLT.USA
    2.740
    -0.021
    -0.8%
  • OTRI.USA
    21.110
    0.000
    0%
  • OTVI.USA
    15,375.870
    -11.650
    -0.1%
  • TSTOPVRPM.ATLPHL
    3.300
    0.000
    0%
  • TSTOPVRPM.CHIATL
    3.140
    0.190
    6.4%
  • TSTOPVRPM.DALLAX
    1.590
    0.150
    10.4%
  • TSTOPVRPM.LAXDAL
    3.330
    0.020
    0.6%
  • TSTOPVRPM.PHLCHI
    2.170
    0.020
    0.9%
  • TSTOPVRPM.LAXSEA
    4.080
    0.130
    3.3%
  • WAIT.USA
    125.000
    -1.000
    -0.8%
  • ITVI.USA
    15,411.130
    -4.180
    0%
  • OTLT.USA
    2.740
    -0.021
    -0.8%
  • OTRI.USA
    21.110
    0.000
    0%
  • OTVI.USA
    15,375.870
    -11.650
    -0.1%
  • TSTOPVRPM.ATLPHL
    3.300
    0.000
    0%
  • TSTOPVRPM.CHIATL
    3.140
    0.190
    6.4%
  • TSTOPVRPM.DALLAX
    1.590
    0.150
    10.4%
  • TSTOPVRPM.LAXDAL
    3.330
    0.020
    0.6%
  • TSTOPVRPM.PHLCHI
    2.170
    0.020
    0.9%
  • TSTOPVRPM.LAXSEA
    4.080
    0.130
    3.3%
  • WAIT.USA
    125.000
    -1.000
    -0.8%
American Shipper

Lufthansa Cargo sells majority stake in time:matters

Lufthansa Cargo sells majority stake in time:matters

German finance house Buchanan Capital Partners has acquired a 51 percent stake in time:matters GmbH, which specializes in courier, same-day and emergency logistics, from air cargo carrier Lufthansa Cargo. Financial details have not been disclosed.

   'With the buyout, we are taking time:matters nearer its goal of becoming the European market leader in courier, same-day and emergency logistics by 2010,” said Roland Busch, Lufthansa Cargo's executive board member finance and human resources, who is retaining his seat on the advisory board of time:matters.

   Franz-Joseph Miller, managing director of time:matters, said, 'The new ownership structure generates a tailwind to help us take the company to the next level and realize additional growth potential. We are looking forward to a good future with strong partners, who are injecting not only capital but outstanding industry contacts and additional expertise.'

   All of time:matters' 45 staff will remain with the company.

   Buchanan Capital Partners is a part of the Starnberg-based independent finance house Buchanan Capital Group.

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