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Bangkok Post
Bangkok Post
Business

B18.6bn deal brings SJWD into existence

SET Roongrote Rangsiyopash
Delivery vehicles operated by CJ Logistics are parked outside the firm's hub in Bang Na.

A logistics company is going to be formed following a share-swap deal between SET-listed JWD InfoLogistics (JWD) and a logistics unit of Siam Cement Group (SCG), with the goal of becoming the largest service provider in Southeast Asia once the transaction valued at more than 18.6 billion baht is completed.

In a filing to the Stock Exchange of Thailand (SET) yesterday, SCG president and chief executive Roongrote Rangsiyopash said SCG Cement-Building Materials Co (SCG CBM) and SCG Distribution have completely swapped their ordinary shares in SCG Logistics Management Co (SCGL) with JWD.

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