DP World offers US$890m to acquire Imperial Logistics
DP World has made a cash offer of around ZAR12.7bn (US$890m) to acquire Imperial Logistics, an integrated logistics company with operations mainly across the African continent and in Europe.
The Dubai-based company hopes that the proposed deal will enhance its capabilities in Africa, building on its infrastructure of ports, terminals and economic zones.
It will contribute to the terminal operator’s transformation into a logistics company offering end-to-end supply chain services to cargo owners.
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