enarhyazzh-CNzh-TWcsdanlettlfifrkadeelhihuisiditjakolvmsnofaplptruskslessvthtrukviyi

.........-----

translate arrow

freightHub2020 BannerSMALL

freightHub2020 BannerSMALL

HONG KONG: May 29, 2018. China’s state-owned CITIC Capital Holdings has completed an equity stake in Shanghai Railink International Intermodal Logistics (Railink) and the Kazakhstan-based Atasu Group.

Founded in 2013, Railink operates three FCL/LCL train services from Shanghai, Chongqing, Beijing and Changsha to points in Europe in support of DB Schenker, DSV and Geodis.

China AtasuPrivately-held Atasu Group, founded in 1998, provides a range of logistics services including Kazakhstan transshipment centers for exports to China, Southeast Asia, the CIS and Europe.

CITIC Capital’s Silk Road Fund (CCSRF) is an Eurasia-themed fund with a focus on energy and resources efficiency, food and water safety, and transport & logistics services.

“CITIC Capital has been an early mover seeking to unlock the synergies between China and its trading neighbours. The transport and logistics service sector is a key element in regional commercial exchange,” said CCSRF managing partner Fanglu Wang.

“The migration of production capacity from China’s coastal to inland regions, increasing demand from pan-Eurasian countries, as well as the rapid growth in the China-Europe rail cargo volume, have together provided tremendous investment opportunities from both ends; we will keep watching this space,” he added.

CITIC said it would provide more capital to Railink and Atasu as required to expand their complementary services to clients based in China, Central Asia, and Europe “all of which are key regions under China’s Railway Express development project,” it noted.

Founded in 2002, CITIC Capital manages over US$22 billion across 100 funds and investment products covering private equity, real estate, structured investment & finance, and asset management. It has over 150 portfolio companies and employs over 820,000 people.

freightHub2020 BannerSMALL

 

- powered by Quickchilli.com -