Reuters logo
CORRECTED-CJ Korea Express in final talks to buy Chinese logistics firm Rokin
September 4, 2015 / 12:03 AM / 2 years ago

CORRECTED-CJ Korea Express in final talks to buy Chinese logistics firm Rokin

(Corrects typo in headline)

SEOUL, Sept 4 (Reuters) - CJ Korea Express Corp, South Korea’s largest logistics firm, said on Friday it is in final talks to acquire China’s Rokin Logistics.

CJ Korea Express submitted a bid of a little above 500 billion won ($420.13 million) for Rokin, while more than 10 bidders expressed interest in a round of binding bids late last month, the Korea Economic Daily reported earlier on Friday, citing an unnamed investment banking source.

A CJ Korea Express spokesman declined to comment on the price. ($1 = 1,190.1200 won) (Reporting by Joyce Lee; Editing by Stephen Coates)

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below