CVC Capital to buy Korean delivery firm Logen from Baring PE Asia for $270m

CVC Capital to buy Korean delivery firm Logen from Baring PE Asia for $270m

Image from Logen website.

UK-based CVC Capital Partners is acquiring South Korea’s fourth largest parcel delivery service company Logen Co from Hong Kong-based Baring Private Equity Asia for 300 billion won ($270.8 million).

This deal will also include a 75 per cent stake in another Korean parcel firm KGB Logis Co, according to local media’s reports.

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