April 27, 2024
Deals
Logen sale nearing completion
[THE INVESTOR] The South Korean cargo delivery company Logen is likely to be purchased by the private equity fund CVC Capital Partners, local media reported on Sept. 13.
According to reports citing unnamed industry sources, CVC is likely to be named the preferred bidder for Logen, South Korea’s fourth largest cargo delivery company.
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CVC is said to have offered more than 300 billion won (US$270.61 million) for the deal, and the sale is likely to be concluded this month.
By Choi He-suk (cheesuk@heraldcorp.com)
