DVZ radar: Recovering economy boosts Deutsche Bahn - DB Schenker shines
DB Schenker sale off as surging revenues cover parent company debt
“Imperial (…) entered into a sale of shares agreement for the acquisition of 100% of the issued share capital of Deep Catch Namibia Holdings (Deep Catch) for an estimated purchase consideration of N$633m (ZAR633m), from an investment consortium led by Salt Capital. The consortium includes the German development finance institution and management shareholders.” – Imperial Logistics, 17 June 2021.
That’s a deal worth just about U$45m-equivalent, coming after a rather long wait as Imperial management had talked up M&A in the past.