William Chiongbian II, group president of FAST | Contributed Photo
MANILA, Philippines — It’s official: the Chiongbian family has retaken full control of FAST Logistics Group, one of the country’s largest logistics providers, after completing the buyout of a 40-percent stake held by a unit of global private equity firm CVC Capital Partners.
The return to full family ownership is expected to set the stage for FAST Logistics’ next phase of growth, with the company looking to strengthen its nationwide network and particularly expand its role in food and agricultural supply chains.
READ: Chiongbian family to buy back full ownership of FAST Logistics Group
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