China's Kerry Logistics to expand in Europe, looking for partners |
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Wed, 18 Apr 2007 07:38
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FRANKFURT (Thomson Financial) - China's Kerry Logistics, a unit of Hong Kong-listed Kerry Properties Ltd, is planning to expand in Europe and is looking for partners there, Central Europe head Michael Dieckmann told Financial Times Deutschland.Kerry, which has sales of almost 600 mln eur, is not 'necessarily seeking to acquire,' Dieckmann told the newspaper.'But we do look at opportunities,' he said.The six year-old logistics company, which is part of China's Kuok Group, already has joint ventures with British Wincanton and Germany's Alfred Talke Logistics Services, according to the newspaper.patrizia.kokot@thomson.compk/mas/jagCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
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Wincanton sees FY profits in line; in JV with Asia-based Kerry Logistics UPDATE 