Germany logistics firm Rhenus picks 49% in joint venture with Western Arya Group

Germany headquartered Rhenus Group has picked 49 per cent stake in a joint venture with Mumbai-based logistics company Western Arya. The transaction terms were not disclosed but the firm said the deal involves merger of Rhenus’ existing domestic trucking activity into a joint venture with Aryas under Rhenus Logistics India Ltd. Aryas will own 51[…]