Imperial Logistics
Photo 194817664 © Björn Wylezich | Dreamstime.com

Dubai-headquartered DP World has tabled an offer to acquire South African transport and logistics group Imperial Logistics for R12.7bn ($883m).

The purchase price for Imperial, which is listed on the Johannesburg Stock Exchange (JSE), represents a 39.5% premium on its stock price yesterday, and the deal will require approval by shareholders and competition regulators.

However, Imperial’s group chief executive, Mohammed Akoojee, clearly backs the takeover.

“This transaction will be value-enhancing for Imperial as the business will benefit from DP World’s leading technology, global ...

Please Register

To continue reading, please login or register for full access to our free content
Loadstar subscriber
New Loadstar subscriber REGISTER

Comment on this article


You must be logged in to post a comment.