News / Imperial Logistics gets leaner as it sells S America shipping business

Imperial Logistics has taken another step in its bid to “get fitter”, by rationalising its sprawling businesses, with the sale of its South American shipping arm.

Brazilian inland waterways company Hidrovias do Brasil has bought the 90-vessel operation, which reportedly saw revenues of $36m for the year ending 30 June and ebitda of $9.4m.

The deal was for $90m, with, interestingly, an earn-out of up to $5m based on water levels over four years.

Imperial is making some significant structural changes. Last year ...