A LF Logistics warehouse in Hong Kong. The firm is jointly owned by Li & Fung and Singapore sovereign wealth fund Temasek Holdings. Photo: SCMP
A LF Logistics warehouse in Hong Kong. The firm is jointly owned by Li & Fung and Singapore sovereign wealth fund Temasek Holdings. Photo: SCMP
Business

Hong Kong’s Li & Fung sells logistics arm to Danish shipping giant AP Moller-Maersk for US$3.6 billion

  • The sale of LF Logistics is expected to close in 2022 pending regulatory approval
  • The divestment will help Li & Fung focus on its core trading and supply chain digitalisation capabilities, executive chairman says

Topic |   Hong Kong shipping and logistics
Martin Choi
Martin Choi

Updated: 7:50pm, 22 Dec, 2021

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A LF Logistics warehouse in Hong Kong. The firm is jointly owned by Li & Fung and Singapore sovereign wealth fund Temasek Holdings. Photo: SCMP
A LF Logistics warehouse in Hong Kong. The firm is jointly owned by Li & Fung and Singapore sovereign wealth fund Temasek Holdings. Photo: SCMP
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