CJ Korea Express mulling bid for U.S. logistics firmCJ Korea Express, the nation’s biggest logistics firm, said yesterday it is considering taking over Phoenix International in the U.S.
But the company said in a regulatory filing that “nothing has been determined yet,” without revealing any more details.
CJ Group, a Korean food and entertainment conglomerate, put CJ Korea Express, formerly known as Korea Express, under its wing late last year.
The group signed a deal to buy a controlling 37.62 percent stake in Korea Express for 1.85 trillion won ($1.6 billion) from Kumho Asiana Group in July 2011. Yonhap
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