ANA announced that it will sell its 27.6% share in Nippon Cargo Airlines to fellow major shareholder global logistics company Nippon Yusen Kaisha, which also holds 27.6% of the carrier. ANA said it is selling its stake because it wishes to pursue a different strategy in the cargo market in the future than does NYK. NCA will become a consolidated subsidiary of NYK. A date for the sale has not been set, but the companies expect it to take place by the end of August.
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