Subscribe to Updates

    Get the latest creative news from FooBar about art, design and business.

    What's Hot

    Kolkata is now served daily by Etihad Airways

    March 27, 2023

    With Trust International acquisition, Edge strengthens defence and technology portfolios

    March 27, 2023

    Indian space program places 36 satellites in their intended orbits

    March 27, 2023
    Facebook Twitter Instagram
    • Home
    • Contact Us
    Addis Ababa WeeklyAddis Ababa Weekly
    • Automotive
    • Business
    • Entertainment
    • Health
    • Lifestyle
    • Luxury
    • News
    • Sports
    • Technology
    • Travel
    Addis Ababa WeeklyAddis Ababa Weekly
    Home » Canada Cartage to be acquired by Mubadala Capital
    Business

    Canada Cartage to be acquired by Mubadala Capital

    August 9, 2022
    Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp Email

    A definitive agreement has been reached between Mubadala Capital, an asset management subsidiary of Mubadala Investment Company, and Canada Cartage, a leading logistics company. To some of Canada’s largest blue-chip companies in grocery, food, retail, and e-commerce, Canada Cartage provides dedicated national fleet solutions, general freight services, managed transportation, fulfillment, and distribution, as well as home delivery services.

    Canada Cartage to be acquired by Mubadala CapitalWith 33 facilities across Canada, Canada Cartage operates two business segments, Dedicated Transportation and Logistics. In the Dedicated Transportation business, customers are able to achieve cost efficiency and reallocate resources to their core operations by having their transportation needs expertly managed. This segment provides essential transportation and distribution services embedded into customer operations and is primarily based on long-term contracts with customers that often span decades and multiple economic cycles.

    Its Logistics business manages both inbound and outbound freight, manages orders and inventories, warehouses, fulfills orders, and delivers final goods to B2C and B2B customers. As a result, Canada Cartage has developed and maintained long-term relationships with its clients and operates efficiently across both businesses.

    Through its various business activities, Mubadala Capital leverages the global network of Mubadala Investment Company to source proprietary opportunities. As a result of its highly disciplined and institutionalized process of evaluating investment opportunities, it provides investors with unique benefits.

    Scotiabank is acting as Mubadala Capital’s exclusive financial advisor and CIBC World Markets is working as Canada Cartage’s exclusive financial advisor. RBC Capital Markets, Bank of Nova Scotia, and BMO Capital Markets acted as joint bookrunners and co-lead arrangers for Mubadala Capital’s financing. It is expected that the transaction will close within the next 60 days, subject to customary closing conditions, including receipt of Canadian regulatory approvals.

    Share. Facebook Twitter Pinterest LinkedIn Tumblr WhatsApp Email

    Related Posts

    With Trust International acquisition, Edge strengthens defence and technology portfolios

    March 27, 2023

    The third largest fish producer in the world, India accounts for 8 percent of global production

    March 25, 2023

    A gold price peak may be near – and it may last

    March 23, 2023

    Credit Suisse and UBS are in talks to merge – FT

    March 18, 2023

    Ryan Reynolds joins other celebrities in $1.35 billion Mint Mobile deal

    March 15, 2023

    Dollar slips as investors await Powell testimony

    March 6, 2023
    Latest News

    Kolkata is now served daily by Etihad Airways

    March 27, 2023

    With Trust International acquisition, Edge strengthens defence and technology portfolios

    March 27, 2023

    The third largest fish producer in the world, India accounts for 8 percent of global production

    March 25, 2023

    Canadian legislature laughs after Biden accidentally applauds China

    March 25, 2023

    An oasis of tranquility for the diverse Abu Dhabi community – Abrahamic Family House

    March 24, 2023

    Globally, water pollution and sanitation are major problems – UN

    March 23, 2023

    A gold price peak may be near – and it may last

    March 23, 2023

    Ibrahimovic is back with Sweden but is not thinking about Euro 2024

    March 21, 2023
    © 2021 Addis Ababa Weekly | All Rights Reserved
    • Home
    • Contact Us

    Type above and press Enter to search. Press Esc to cancel.