The Competition Commission of India (CCI) on Tuesday, December 10, announced it has approved Nippon Express’ acquisition of 22% stake in Future Group’s logistics arm Future Supply Chain Solutions.
Future Supply Chain Solutions in September said that Japan-based Nippon Express will acquire 22% stake through a combination of primary issuance and secondary purchase from an existing investor.
The CCI in a tweet wrote it “approves acquisition by Nippon Express (South Asia & Oceania) of approximately 22% of the total issued and paid up share capital of the Future Supply Chain Solutions Limited.”
Nippon Express will also have representation on FSC’s board of directors, which will further strengthen its board through their strategic direction.
Full Content: Bloomberg
Want more news? Subscribe to CPI’s free daily newsletter for more headlines and updates on antitrust developments around the world.
Featured News
UK Probes Lindab’s Acquisition of HAS-Vent Amid Fears of Market Monopoly
Apr 28, 2024 by
CPI
Shein Faces EU Regulations Over User Data
Apr 28, 2024 by
CPI
Google Fights Back Against US Antitrust Lawsuit
Apr 28, 2024 by
CPI
US Homeland Security Establishes Blue-Ribbon Board with Tech CEOs to Advise on AI
Apr 28, 2024 by
CPI
FTC Accuses Amazon Executives of Using Disappearing Messaging Apps to Conceal Evidence
Apr 28, 2024 by
CPI
Antitrust Mix by CPI
Antitrust Chronicle® – Economics of Criminal Antitrust
Apr 19, 2024 by
CPI
Navigating Economic Expert Work in Criminal Antitrust Litigation
Apr 19, 2024 by
CPI
The Increased Importance of Economics in Cartel Cases
Apr 19, 2024 by
CPI
A Law and Economics Analysis of the Antitrust Treatment of Physician Collective Price Agreements
Apr 19, 2024 by
CPI
Information Exchange In Criminal Antitrust Cases: How Economic Testimony Can Tip The Scales
Apr 19, 2024 by
CPI