Mumbai: BALtrans, one of Asia's leading logistics and freight forwarding groups, has announced plans to acquire the remaining 26% interest in BALtrans Logistics in India (BLI) from Mr Kapil Dev Datta. The purchase of the shares would make BLI a wholly owned subsidiary of the Hong Kong-based group. Anthony Lau, executive chairman of BALtrans, said, "India is a key emerging market with long term potential, therefore it is strategically important for us to have full control to execute our group strategy more effectively."
The company has also opened a new office in Oman in line with its strategy to penetrate the Middle East market and is scheduled to inaugurate another two offices in Kuwait and Qatar in the near future. [20/12/06]
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