Stellar Value Chains News Today

Third-party logistics firm Ceva Logistics on Monday said that it has agreed to acquire a 96% stake in private equity firm Warburg Pincus-backed logistics provider Stellar ......

Singapore’s sovereign wealth fund GIC and Hong Kong’s logistics developer ESR Cayman on Tuesday said they have formed a $750-million (around Rs 5,500 crore) joint venture (JV) to develop and acquire industrial and logistics assets in the country. It will be an 80:20 partnership deal, focusing on Tier 1 and Tier 2 cities. The JV will be seeded with a 2.2 million sq ft build-to-core asset, located in close proximity to the large consumption hubs of Mumbai and Thane in Maharashtra. ESR was...