Dnata buys stakes in UAE firms

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 ... [+]

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