Belt and Road Initiative provides boost for logistics deals in 2017

By Jing Shuiyu | China Daily | Updated: 2017-12-22 07:48

Chinese companies' buying spree in the logistics industry, bolstered by the Belt and Road Initiative, is gathering pace, with both the number of deals and the value of those deals hitting a new record.

Several mega deals led to a near year-on-year doubling of transaction value.

According to Grisons Peak LLP, a London-based boutique investment bank, the aggregate amount of Chinese firms' equity investment or mergers and acquisitions into logistics businesses reached $32.2 billion through mid-December of this year, more than double the $12.9 billion seen in all of 2016.

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