Skip to main content

CITIC Capital Silk Road Fund Invests In Pan-Eurasian Logistics Service Providers

LI DONGMEIMay 29, 2018 — 12:52 HKT

CITIC Capital Silk Road Fund, a pan-Eurasia themed fund managed by CITIC Capital Holdings Limited, said it had recently completed its investments into Shanghai Railink International Intermodal Logistics and Atasu Group respectively.

Railink and Atasu are logistics services companies serving the growing trades between China and Europe via Central Asia and Kazakhstan.

CITIC Capital Silk Road Fund investments will support further development of logistics service networks, as well as serving as capital expenditure for both companies. No financial details were disclosed in an announcement released today.

In addition to the investment, Atasu also received long-term debt financing from the European Bank of Reconstruction and Development, according to the announcement.

Railink and Atasu provide complementary services to companies based across China, Central Asia, and Europe, all of which are key regions under China’s Railway Express development project.

The investments seek to unlock further synergies between both businesses, leveraging each company’s strengths in its respective markets to provide a more comprehensive suite of services.

"CITIC Capital has been an early mover seeking to unlock the synergies between China and its trading neighbors," said Fanglu Wang, Managing Partner of CITIC Capital Silk Road Fund. "The transport and logistics service sector is a key element in regional commercial exchange. The migration of production capacity from China’s coastal to inland regions, increasing demand from pan-Eurasian countries, as well as the rapid growth in the China-Europe rail cargo volume have together provided tremendous investment opportunities from both ends."

Wang added that the firm will keep looking for investment opportunities in this space.

CITIC Capital Silk Road Fund is a pan-Eurasia themed fund managed by CITIC Capital with a focus on energy and resources efficiency, food and water safety, as well as transport and logistics services.

Since 2010, the fund is now targeting broader markets in the Commonwealth of Independent States region, as well as Eastern Europe and Southeast Asia. The fund is sponsored by CITIC Group as a cornerstone investor


Popular posts from this blog

Balochistan Advocacy : Japan-Baloch alliance

Muneer Mengal in Japan.

Balochistan to establish first medical university

The Newspaper's Staff CorrespondentOctober 25, 2017QUETTA: The provincial cabinet on Tuesday approved the draft for establishing a medical university in Balochistan.Health minister Mir Rehmat Saleh Baloch made the announcement while speaking at a press conference after a cabinet meeting.“The cabinet has approved the draft of the medical university which would be presented in the current session of the Balochistan Assembly,” he said, adding with the assembly’s approval the Bolan Medical College would be converted into a medical university.Published in Dawn, October 25th, 2017

5 Shia Hazara community members gunned down in Pakistan

Five members of the minority Shia Hazara community, including two women, were killed on Sunday in an attack by unidentified gunmen in Pakistan’s restive Balochistan province.This is not the first time that members of the Hazara community have been targeted in Quetta and other parts of Balochistan.(Reuters File Photo)Updated: Sep 11, 2017 00:20 ISTBy Press Trust of India, Press Trust of India, KarachiFive members of the minority Shia Hazara community, including two women, were killed on Sunday in an attack by unidentified gunmen in Pakistan’s restive Balochistan province.The gunmen targeted a car in Kuchluck area of Quetta while it was coming from the Chaman border crossing area, police said.The firing took place when the travellers had stopped at a filling station to refuel their vehicle. Five people of the Shia Hazara community, including two women, died in …