Banking & Finance UAE’s Mubadala Capital to acquire Canadian logistics firm By Pramod Kumar August 9, 2022, 5:06 AM Creative Commons Canada Cartage currently operates through a network of 33 facilities across Canada. It has two business segments: dedicated transportation and logistics Mubadala Capital, the asset management subsidiary of Mubadala Investment Company, entered into an agreement to acquire Canada Cartage, a short-haul trucking and logistics firm, WAM, the UAE state news agency, reported. Canada Cartage currently operates through a network of 33 facilities across Canada. It has two business segments: dedicated transportation and logistics. Scotiabank is acting as financial advisor to Mubadala Capital and CIBC World Markets is acting as financial advisor to Canada Cartage. BMO Capital Markets, Bank of Nova Scotia and RBC Capital Markets acted as joint bookrunners and co-lead arrangers for the financing provided to Mubadala Capital, according to the news report. The transaction is subject to customary closing conditions, including receipt of Canadian regulatory approvals, and is expected to close in the next 60 days. Register now: It’s easy and free AGBI registered members can access even more of our unique analysis and perspective on business and economics in the Middle East. Why sign uP Exclusive weekly email from our editor-in-chief Personalised weekly emails for your preferred industry sectors Read and download our insight packed white papers Access to our mobile app Prioritised access to live events Register for free Already registered? Sign in I’ll register later
