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FINANCIAL NEWS
Abu Dhabi-backed firm to invest USD120m in Chinese ANE
30 Jun 2015
(MENAFN) Carlyle Group, the Abu Dhabi’s Mubadala-backed
United States private equity firm, is set to invest USD120 million in a Chinese logistics firm, namely Shanghai ANE Logistics Limited (ANE), Arabian Business reported.
The move came as Carlyle Group looks to reap the benefits of the prosperous Chinese e-commerce business. The company said the transaction, funded by its Carlyle Asia Partners IV, is forecast to be sealed in the third quarter.
ANE, established back in 2010, runs distribution centers and franchised stores for smaller “less-than-a-truckload” deliveries of goods between 15 kilograms (33 pounds) to 3 tons.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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