NZ s Mondiale ponders IPO after Aussie freight merger
5 Mar, 2021 04:00 PM
3 minutes to read
NZ freight forwarder Mondiale is merging with Australia s VISA Global Logistics. Photo / NZ Herald
An initial public offer and sharemarket listing is on the radar screen for New Zealand forwarder Mondiale, which is merging with Australia s Visa Global Logistics. The combined entity - part owned by private equity company Direct Capital - will become a top-30 freight forwarder in the same league as NZX-listed Mainfreight, which is rated by TransportTopics as the 33rd biggest by volume.
Mondiale said the merged group would handle 500,000 20-foot equivalent (TEU) containers in Australia and New Zealand, making it the biggest privately owned freight forwarder in Oceania.