PARIS: CMA CGM, a global leader in maritime transport, announced today that it has completed the purchase of Bolloré Logistics, a leading transport and logistics company in France and worldwide. The deal, worth 4.85 billion euros, is based on the estimated debt and cash on the closing date. It also includes the transfer of Bolloré…
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Edenred acquires RB, a leading platform for employee transport benefits in Brazil
PARIS: Edenred, a global leader in digital services and payments, has announced the acquisition of RB, a Brazilian company that specializes in employee transport benefits. The deal will enhance Edenred’s offerings in the Brazilian benefits market, especially in the SME segment, and generate significant synergies. RB, founded in 1999, manages and issues transport cards and…
FirstGroup to sell First Student and First Transit to EQT Infrastructure for $4.6 billion
LONDON: FirstGroup plc has entered into an agreement for the sale of First Student and First Transit to EQT Infrastructure, a news release said. David Martin, FirstGroup Chairman said: “We are delighted to announce the sale of our North American contract divisions First Student and First Transit to EQT Infrastructure for $4.6bn. This transaction, which…
Sindh unveils Pakistan’s first waste-to-fuel transport project
KARACHI: Sindh government Thursday unveiled the Karachi Breeze Red Line Project, which will be the first ever transport system in Pakistan to use bio-methane produced from animal waste as a fuel resource for its 213 bus fleet. The project will have an estimated cost of Rs78.384 billion and will provide transport services for 300,000 people…