Allcargo Is Said to Mull Europe Listing for Global Business
- Logistics firm could seek as much as $850 million valuation
- Board has hired advisers to evaluate local delisting proposal
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India’s Allcargo Logistics Ltd. is considering listing its international business on a European exchange, according to people familiar with the matter, as it weighs a proposal to give up its listing at home.
The Mumbai-based integrated logistics company is exploring listing venues including London for its international operations, the people said. The company may seek a new listing as soon as next year, they said, asking not to be identified as the matter is private.