CJ Korea Express mulling bid for U.S. logistics firm

Home > Business > Industry

print dictionary print

CJ Korea Express mulling bid for U.S. logistics firm

CJ 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

More in Industry

Talking shop

Deliveries postponed

LG Display swings to profit in Q4 as OLED sales increase

LG Electronics wins a tech Emmy for its OLED TVs

To U.S. and away from China is the new investment trend

Log in to Twitter or Facebook account to connect
with the Korea JoongAng Daily
help-image Social comment?
lock icon

To write comments, please log in to one of the accounts.

Standards Board Policy (0/250자)

What’s Popular Now