Freight News, Business

DHL cuts Sinotrans stake

[ May 20, 2015   //   ]

Deutsche Post DHL Group has disposed of about four fifths of its current 5.16% stake in Chinese state forwarder Sinotrans. The German company said the proceeds would be used to boost its Strategy 2020 plan. It added that the initial investment in Sinotrans proven a very good financial investment. The divestiture does not affect DHL Express’ joint venture with Sinotrans Air Transportation Development.

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