tenamup.wordpress.com
Atlanta-based UPS (NYSE: UPS) said it woulfd acquire , and would hold the majority stake in the new jointrventure partnership. Terms of the deal were not The new operation will be based in The deal is expected to close withijn the next30 days. Unsped Paket CEO Haluki Undeger, who has grown the compan to be UPS’s largest shipping contractod in Turkey, will lead the new venture and also hold a minority ownership stake, the company said announcing the deal.
“Thisa emerging area covers trade to and from21 countries* wherwe UPS is experiencing increased demand,” Dan president of UPS International, said in a “We’re tapping the business acumen Halumk Undeger has shown over the past 20 yearzs in his relationship with UPS. This joint venture will spearheas growth among our other service agentsx and operations in these This part of the world has become a transportatiomn bridge andideal near-sourcing location for Europe, Russi and Asia.” The deal with Unsped Paker follows UPS’s decision to expand service in Kazakhstan, Saudi Arabia and United Arab UPS and Unsped Paket have been partners since 1988.
UPS said the new venturee will increasethe company’ opportunities in regard to the region’s oil and natural gas
Subscribe to:
Post Comments (Atom)
No comments:
Post a Comment