Freight News

Fallow sells stake to Singaporeans

[ April 23, 2012   //   ]

Romford-based Fallow International Freight Limitedhas sold a strategic stake in its business to CWT Globelink, the freight arm of Singapore listed CWT, say legal advisors  Birkett Long.

Fallow has been renamed Globelink Fallow Limited and has joined Globelink’s global group, whose g network now includes over 100 offices in 25 countries.

Globelinksaid it would be able to tap Fallow’s strong local market knowledge and active business relationships to gain a stronger foothold in major ports in the UK.

Birkett Long’s David Wisbey, chairman and partner in the law firm’s commercial and corporate finance team  said: “Thanks to the firm’s extensive experience of cross-border transactions and the efforts and goodwill of the parties, we were able to assist in completing the investment in a very short timescale, despite  dealing with different cultures, legal concepts and time zones. This is an exciting development for Globelink Fallow and we wish them well.”


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