Latest News | CCI Clears Unifeeder ISC FZCO's Purchase of Three Entities
Get latest articles and stories on Latest News at LatestLY. The Competition Commission has cleared Unifeeder ISC FZCO's proposed acquisition of Avana Logistek Ltd, Transworld Feeders Pvt Ltd and Transworld Feeders FZCO.
New Delhi, Jun 3 (PTI) The Competition Commission has cleared Unifeeder ISC FZCO's proposed acquisition of Avana Logistek Ltd, Transworld Feeders Pvt Ltd and Transworld Feeders FZCO.
Unifeeder is indirectly held by DPW, forming part of DPW Group.
In India, Unifeeder is present through its subsidiaries Feedertech Pte Ltd (Feedertech) and Perma Shipping Line Pte Ltd.
Feedertech provides EXIM (export-import) feeder services and Perma Shipping Line offers EXIM non-vessel owning common carrier services.
An official release on Thursday said the proposed acquisition of stake in AvanaLogistek, Transworld Feeders and Transworld Feeders by Unifeeder has been approved by the Competition Commission of India (CCI).
Deals beyond a certain threshold require clearance from CCI, which keeps a tab on unfair business practice across sectors.
(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)