MOL to take equity stake in Alistair Group, a leading logistics company in Sub-Saharan Africa

Mitsui O.S.K. Lines, Ltd. today announced that it has agreed to acquire a 25% stake in Tanzania-based Alistair Group, a cross-border logistics company serving Sub-Saharan Africa.

Alistair Group has offices in eight countries in Southeast Africa. Its business centers on cross-border logistics services for truck transport of copper, cobalt, and other critical mineral resources produced in the Democratic Republic of Congo and Zambia in inland Africa to coastal export ports. It is also engaged in customs clearance, warehouse operations, cargo handling at ports, and logistics DX (digital transformation) services and has a fleet of about 450 trucks and about 1,000 employees.