Allcargo Logistics is planning to acquire controlling stake in CCI Logistics. In this regard, the company will invest Rs 130 crore. The deal will lead to the formation of a new entity in which Allcargo will hold 62 percent, while the rest is held by CCI.
On February 15, it got an in-principle board approval to buy a majority stake in CCI, a company in freight forwarding and contract logistics with a special focus on chemicals.
Allcargo Logistics provides various services such as inbound & outbound consolidation, multi-city consolidation, FCL forwarding airfreight forwarding activities project cargo handling and transportation and CFS operations.
