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Dnata raises stake in two freight forwarders
Photo: Dnata
Air services provider Dnata has bolstered its position in the UAE and the international freight forwarding industry by increasing its share in two of its Dubai-based JV companies.
Dnata has purchased a 50% stake in Dubai Express, Freightworks and a 25.5% stake in Bolloré Logistics UAE from the Kanoo Group. The company is now the sole owner of Dubai Express, Freightworks and holds a 51% majority share of Bolloré Logistics UAE.
Bernd Leo Struck, SVP UAE Cargo & DWC airline services, Dnata, and chairman of Freightworks and Bolloré Logistics UAE: "This strategic investment underlines our commitment to the freight forwarding industry and to providing superior services for the regional market, as well as to the worldwide network of Bolloré Transport & Logistics." (ah)