Freshfields advises DP World on its acquisition of Cargo Services Seafreight

News

18 April 2024

Freshfields advises DP World on its acquisition of Cargo Services Seafreight

Global law firm Freshfields Bruckhaus Deringer ('Freshfields') is advising DP World, a world leader in global supply chain solutions based in Dubai, on its proposed acquisition of 100 per cent of the Cargo Services Seafreight business. The transaction involves the indirect acquisition of a majority stake in CN Logistics International Holdings Limited, a company listed on the Hong Kong Stock Exchange. The transaction is conditional on certain regulatory approvals and is expected to close later this year.

The Freshfields team is led by partners Edward Freeman and Michael Hilton, supported by counsel Daniel Boyle, associates Ciara O'Loughlin, Max Chapman, Kelly Huang and Haohan Li. Support with due diligence was provided by various Freshfields offices across the network. Tax advice is provided by partner Peter Clements, senior associate Chris Gotch and associate Christophoros Tsangarides.