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BRIEF-Automotive Holdings to sell refrigerated logistics business

Published 23/11/2017, 08:53 am
© Reuters.  BRIEF-Automotive Holdings to sell refrigerated logistics business

Nov 23 (Reuters) - Automotive Holdings Group Ltd AHG.AX

* to sell refrigerated logistics business

* deal for an enterprise value of A$400 million

* consideration will comprise about A$280 million in cash and assumption by HNAI of about A$120 million in finance lease liabilities

* Stephen Cleary, current CEO of AHG Logistics, to remain with refrigerated logistics as ceo

* co to sell its refrigerated logistics business to Cc Logistics (Australia) Pty Ltd, unit of HNA Group (International) Co

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