Subscribe to Updates

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

    What's Hot

    GeneTex Launches PD-L1 Antibody Comprehensively Validated by MS Validated Antibodies GmbH for Immunohistochemistry

    June 6, 2023

    New Circular Platform Multi-Client Study Announced by McFadyen Digital

    June 6, 2023

    Tom Cruise and cast to grace Abu Dhabi’s Mission: Impossible premiere

    June 6, 2023
    Facebook Twitter Instagram
    Jeddah PostJeddah Post
    • Home
    • Contact Us
    • Automotive
    • Business
    • Entertainment
    • Health
    • Lifestyle
    • Luxury
    • News
    • Sports
    • Technology
    • Travel
    Jeddah PostJeddah Post
    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 Telegram 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 Email

    Related Posts

    Strengthening UAE-India relations: Top diplomats discuss economic partnership

    June 3, 2023

    Global stocks surge as US debt ceiling agreement brings relief

    May 29, 2023

    Global clean energy investment set to reach $1.7 trillion, overtaking oil production

    May 27, 2023

    European Investment Bank supports circular economy with €3.4 billion lending

    May 27, 2023

    Successful UAE-India partnership stands as a model of bilateral cooperation

    May 27, 2023

    World Bank predicts 4.8 percent expansion in UAE’s non-oil sector in 2023

    May 18, 2023
    Latest News

    GeneTex Launches PD-L1 Antibody Comprehensively Validated by MS Validated Antibodies GmbH for Immunohistochemistry

    June 6, 2023

    New Circular Platform Multi-Client Study Announced by McFadyen Digital

    June 6, 2023

    Tom Cruise and cast to grace Abu Dhabi’s Mission: Impossible premiere

    June 6, 2023

    Game-changing Macs: Apple launches Mac Studio and Mac Pro with revolutionary Apple silicon

    June 6, 2023

    Apple redefines laptop excellence with the thinnest 15-inch MacBook Air

    June 6, 2023

    Shaping the Future of the Web: SourceLess Presents the Universal Declaration of Human Rights in the Digital Environment

    June 5, 2023

    Strengthening UAE-India relations: Top diplomats discuss economic partnership

    June 3, 2023

    Vivid Sydney 2023 Kicks Off With Biggest Opening Weekend on Record

    June 2, 2023

    Eviosys Surpasses Emissions Goals and Leads the Industry in Pursuit of Net Zero

    June 2, 2023
    © 2021 Jeddah Post | All Rights Reserved
    • Home
    • Contact Us

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