DP World’s Imperial gets approval to buy 100% stake in Africa's J&J Group

PRESS RELEASE

Dubai, UAE, 19th July, 2022: Imperial, owned by DP World, announced today that all the requirements relating to its 100% acquisition of the J&J Group have now been fulfilled. The transaction relating to the acquisition of the first tranche of shares (51%) of the J&J Group, which was announced on 29 July 2021, was closed on 18 July 2022. This will be followed by the acquisitions of the second and third tranches of 46.5% and 2.5%, respectively.

J&J Group offers end-to-end logistics ...