Mubadala to acquire 30pc stake in Hong Kong group Loscam
ABU DHABI, 7 hours, 34 minutes ago
Abu Dhabi-based Mubadala Investment Company has announced that it has reached an agreement to acquire a 30% stake in Loscam International, a provider of pallet pooling and returnable packaging solutions across the Asia-Pacific region.
Mubadala will join the existing shareholder group alongside Trustar Capital, the private equity affiliate of Citic Capital Holdings Limited; FountainVest, one of Asia’s leading independent private equity firms; and Sinotrans Limited, a subsidiary of China Merchants Group.
Headquartered in Hong Kong, Loscam operates across 12 countries and regions in Asia-Pacific, including Australia, New Zealand, Southeast Asia, and Greater China.
The company provides sustainable pooling and logistics solutions to leading players in fast-moving consumer goods (FMCG), retail and manufacturing.
With a history dating back to 1942, Loscam has established itself as a trusted partner in optimising supply chain operations.-TradeArabia News Service
