SF Holding secures partnership with DP DHL’s Chinese contract logistics unit
OCTOBER 26, 2018
Deutsche Post DHL has sold its Chinese contract logistics business to emerging domestic logistics player SF Holding, for an initial €700m. The post SF Holding secures partnership with DP DHL’s Chinese contract logistics unit appeared first on The Loadstar. DP DHL will receive an upfront payment of Rmb5.5bn (€700m) and the two parties have signed a 10-year agreement that will see the German company paid a “revenue-based partnership fee”.