Li & Fung Teams Up with Maersk
Li & Fung, the leading Hong Kong-based sourcing company, and Maersk, the world’s largest container shipping company, are forming a strategic partnership to offer global supply chain services. As part of the deal, Li & Fung has agreed to transfer its 78.3% stake in its logistics business, LF Logistics, to Maersk for an enterprise value of $3.6 billion. The remaining stake ... Log in to view full article.
