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FINANCIAL NEWS
UAE- Gulftainer buys controlling stake in Avalon
13 May 2010
(MENAFN) The Managing Director of Sharjah-based Gulftainer said that the ports, transport and logistics company has acquired a controlling interest in UAE-based Avalon General Land Transport LLC, Gulf News reported.
He indicated that Gulftainer?s transport activities, now operating under ?Momentum? branding, will now be enhanced and expanded with wider access to GCC markets, more specialist equipment and increased ability to participate in major contracts in the logistics and distribution industry.
He affirmed that with the excellent reputation both companies enjoy, this link up can only benefit the customers they serve now, and boost the ability to work with other customers in the future.
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