The companies announced on July 7 that A.P. Moller Capital – Emerging Markets Infrastructure Fund II, through EMIF II Holding III B.V., has completed its investment for a 40-percent stake in AC Logistics after satisfying all closing conditions, including merger control clearances.
AC Logistics and Globe have formally launched their partnership with the inauguration of the MCX Warehouse Facility in Muntinlupa City, marking a significant step in strengthening Globe’s nationwide supply chain operations.
AC Logistics Holdings Corp. is moving back into acquisition mode after a consolidation phase, signing an agreement to buy a majority stake in Glacier Megafridge Inc., the second-biggest cold storage operator in the country.
Conglomerate Ayala Corp. is selling back assets of subsidiary Air21 Holdings to the Lina family as part of its exit from the logistics venture it acquired three years ago.