Agri logistics player China Co-op Group inks strategic JVs with GLP

China Co-op Group has signed two joint venture agreements with global logistics giant GLP.

In a multi-level strategic partnership, China Co-op Group, the country’s largest agricultural product logistics service provider, has inked two joint venture agreements with global logistics giant GLP.

According to the agreement, both parties will set up a private equity vehicle through a joint venture fund management company. The vehicle will seek to invest in transportation and logistics hubs in China’s first- and second-tier cities.

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