AP Moller Maersk Boosts Its Technical Operations Presence in Asia
In a move that is designed to boost its presence in the Asia Pacific region, AP Moller Maersk has entered into an agreement to buy the logistics business of Hong Kong-based Li & Fung. The value of the deal comes in at somewhere around $3.6 billion and it will deliver a significant upgrade for AP Moller Maersk's network in this part of the world, adding about 40% capacity and resulting in an increase to 549 facilities globally for the shipping...
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