Maersk makes big bet on Asia, buys out Li & Fung unit in $3.6b deal

Maersk makes big bet on Asia, buys out Li & Fung unit in $3.6b deal

Source: Upadek Matmy/Unsplash

Container shipping giant Maersk on Wednesday agreed to buy Hong Kong-based LF Logistics for $3.6 billion in an all-cash deal that will add hundreds of warehouses in Asia and help it expand beyond its core ocean freight business.

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