Allegro’s Team Global Express appoints UBS to gauge inbound interest
Team Global Express has appointed UBS in a broad-ranging advisory role, including defence strategies and canvassing preliminary inbound interest, two weeks after Street Talk first reported it was asking investment banks to pitch for the job after catching the attention of cashed-up overseas buyers.
Team Global Express runs an intermodal logistics network, delivering goods ranging from vaccinations and medical supplies, online shopping orders and mining resources. It has a big fleet of trucks, planes and the like which were pitched with a $1 billion-plus replacement value during the sale process.
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