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Croatia
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Koncar, Electromontaj partner for 188 mln euro HPP overhaul deal
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INTERVIEW – Moldova hopes for 600 mln euro in FDI in 2024
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OMV Petrom secures vegetable oil for green diesel
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3PL Taewoong Logistics to take over Croatia’s LA Trans – report

Jun 28, 2024, 1:47:33 PMArticle by Annie Tsoneva
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June 28 (SeeNews) - South Korean 3PL Taewoong Logistics plans to acquire Croatian haulier LA Trans as part of a plan to enter Europe’s haulage market, according to media reports.

3PL Taewoong Logistics to take over Croatia’s LA Trans – report
Source: 3PL Taewoong Logistics

Last week, Taewoong signed a memorandum of understanding with LA Trans and plans to finalise the takeover in the third quarter, UK shipping news provider The Loadstar reported on Thursday.

It did not provide financial details about the deal.

By the time this story was published, 3PL Taewoong Logistics and LA Trans had not replied to emails from SeeNews seeking confirmation of the takeover.

LA Trans was founded by local businessman Alan Lincic, according to the court registry. It posted a revenue of 2.05 million euro ($2.2 million) in 2023, down from 2.15 million euro in 2022, according to business information provider Dun & Bradstreet.

($ = 0.934 euro)

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