Imperial to offload European shipping business
Company says the shipping business is noncore and does not support the group’s Africa-focused growth strategy
27 August 2019 - 18:29
Imperial Logistics is considering disposing of its noncore shipping business in Europe as it did not support the group’s Africa-focused growth strategy, says CEO Mohammed Akoojee.
The move comes as the company, which unbundled automotive division Motus in 2018, is eyeing growth in the distribution of consumer and pharmaceutical products in Sub-Saharan Africa. ..
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