CITIC Capital Invests in Shanghai Railink and Atasu Group (Asia, CEE and CIS)
Source(s): CITIC Capital
China-focused alternative investment management and advisory company CITIC Capital Holdings has invested in China-based Shanghai Railink International Intermodal Logistics and Kazakhstan-based Atasu Group. Both companies operate in the logistics services sector, serving trade links between China and Europe via Central Asia and Kazakhstan. CITIC Capital, which invested through CITIC Capital Silk Road Fund, plans to support the further development of each company’s logistics networks and their capital expenditure needs. Atasu has also received long-term debt financing from the European Bank for Reconstruction and Development. Financial details of the transactions were not disclosed.