Freight News, Logistics, Business, Forwarding

Dnata buys stakes in UAE firms

[ February 6, 2019   //   ]

Handling and airfreight services company dnata has increased its ownership in two of its Dubai-based joint venture companies. It has purchased a 50% stake in Dubai Express Freightworks and a 25.5% stake in Bolloré Logistics, UAE from Kanoo Group. It is now the sole owner of Dubai Express Freightworks and holds a majority stake of 51% in Bolloré Logistics, UAE. The parties have agreed not to disclose the details of the transaction. The current leadership teams will continue to manage the business and operations.