Brookfield to Acquire World Freight Company from PAI and EQT in Major Logistics Deal
Brookfield Infrastructure Partners has reached an agreement to acquire World Freight Company (WFC) from private equity firms PAI Partners and EQT. WFC is a major global provider of air cargo logistics and ground handling services, operating across five continents. The deal is reportedly valued at around €1.5 billion, marking a significant investment in the aviation logistics sector. Brookfield emphasized WFC's essential role in the global supply chain and its potential for continued growth. The acquisition is subject to standard regulatory approvals and is anticipated to close in the second half of 2024.
Official Source: https://www.stattimes.com/aviation/brookfield-to-acquire-world-freight-company-from-pai-and-eqt-1359147
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