LG International $277 million acquisition of Pantos Logistics

Overview:

• LG International has acquired 51% of Pantos Logistics for W315 billion ($277 million).
• Pantos Logistics is one of the top-tier logistics companies in Korea, with its export/import cargo volume ranked first in Korea. 
• LG aims to utilise its global capacity to diversify the geographic spread of Pantos beyond Asia-Pacific. 

Katrin Kostadinova - Data analyst