Allcargo Logistics Limited — JV/Acquisition, 02-04-2025: Acquisition

Ecuhold N.V., a wholly owned subsidiary of Allcargo Logistics, has acquired an additional 10% stake in Ecu Worldwide (Japan) Limited for USD 2,20,000, bringing its total ownership to 100%. This strategic move aims to enhance the company's presence in the ocean freight forwarding market in Japan, providing an opportunity for expanding its Full Container Load (FCL) and Less than Container Load (LCL) business. The acquisition is positioned to generate synergies and strengthen operational capabilities, which could be beneficial for shareholders in the long term.