China's LinkGlobal Logistics buys Germany's Schwerin-Parchim airport |
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Thu, 24 May 2007 09:18
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BEIJING (XFN-ASIA) - LinkGlobal Logistics Co Ltd, a private logistics services provider based in Beijing, has completed an agreement to buy a 100 pct stake and in Germany's Schwerin-Parchim Airport, a company official told XFN-Asia.The official did not give details.Earlier, the Zhenzhou Daily, based in the capital city of the central province of Henan, quoted LinkGlobal Logistics founder and chairman Pang Yuliang as saying that the company will pay about one bln yuan for the airport in Schwerin, which is located between Hamburg and Berlin.The logistics firm bought the airport via an auction held earlier this month and won permanant rights to operate it, the report said.LinkGlobal Logistics is now seeking an airport management firm to manage Schwerin-Parchim and expects carriers calling at the airport to include flights from China, the report said.(1 usd = 7.67 yuan)derek.jiang@xinhuafinance.com
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