China’s JD Logistics agrees to buy courier company Deppon
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Chinese e-commerce giant JD.com on Sunday said that its subsidiary JD Logistics has agreed to buy domestic courier Deppon Logistics.
Under the deal, JD Logistics will acquire 99.99% equity stake in Deppon Holdco for a total consideration of about 9 billion yuan ($1.42 billion). Deppon Holdco owns a total of about 66.50% of Deppon Logistics.
JD Logistics will then make an offer for all the issued shares of Deppon Logistics not held by Deppon Holdco, for 13.15 yuan per share.
Questions & Answers
Q.What is the total value of JD Logistics' acquisition of Deppon?
What is the total value of JD Logistics' acquisition of Deppon?
JD Logistics has agreed to acquire 99.99% of Deppon Holdco for approximately 9 billion yuan, which converts to around 1.42 billion US dollars. This figure represents the main transaction value mentioned in the deal details.
Q.What percentage of Deppon Logistics will JD Logistics ultimately control?
What percentage of Deppon Logistics will JD Logistics ultimately control?
JD Logistics will initially acquire Deppon Holdco, which owns about 66.50% of Deppon Logistics. Following this, JD Logistics will make an offer for all other issued shares, aiming for full control of Deppon Logistics.