AIIM beefs up its portfolio, acquiring a majority stake in The Logistics Group
The infrastructure-focused private equity fund plans to pump investment into existing TLG terminals in Cape Town, Gqeberha and Durban in partnership with Transnet National Ports Authority
05 April 2022 - 22:51
In a deal set to improve capacity deficits at ports and inland transport corridors, private fund African Infrastructure Investment Managers (AIIM) on Tuesday announced it had finalised its 74% acquisition of transport services group The Logistics Group (TLG) for R1.6bn.
TLG, the old terminals arm of the fruit marketing giant Cape-span, is an integrated logistics solutions provider with warehouses and port assets in Cape Town, Durban, Gqeberha and Maputo...
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