CJ Logistics buys 50% stake in Darcl Logistics for $50.6 mn

South Korea-based leading logistics group CJ Logistics has acquired a 50% stake in India's logistics and transport giant Darcl Logistics for $50.6 million. "By entering the fast-growing Indian market, we're now one step closer to becoming one of the global top five logistics companies," CJ Logistics CEO Keun-Tae Park said. Notably, Darcl Logistics has seen growth for around four decades.