Imperial Holdings, which reported record revenues for the year to end-June, will complete the unbundling and separate listing of its logistics and automotive divisions in the fourth quarter of 2018, acting CEO Mohammed Akoojee said. The separation of the two businesses will enable investors to value the two companies, which operate in distinct markets, separately. It will also allow shareholders to buy shares directly in either of the two Imperial businesses. Speaking at the release of the company’s financial results on Tuesday, Akoojee made a strong case for the unbundling, saying there were no operational synergies between Imperial Logistics and Motus. The two companies had grown into self-sufficient businesses operating independently in different markets and geographies, he said. Motus, its vehicle sales and car rental business that contributes 60% to group revenue, was mainly focused on SA, while 68% of Imperial Logistics’ revenue is generated outside the country. Imperial Logis...
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