Indian govt clears Deutsche Post-Newfield purchase of Blue Dart

The finance ministry has cleared a proposal by Deutsche Post World Net AG’s DHL Express Singapore Pte Ltd and the Netherland’s Newfield Holdings to buy up to 100 pct equity in India’s Blue Dart Express courier company.

A government statement said the two companies would invest 5.66 bln rupees or 130 mln usd in Blue Dart Express.

It did not give any details of the split between Newfield and DHL.

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