Imperial to sell European shipping business for R3.6bn
The planned disposal comes as the freight and logistics group increases its focus on Africa
04 May 2020 - 11:10
Imperial Logistics has agreed to sell its European shipping business to Germany’s Häfen und Güterverkehr Köln for an about €176.1m (R3.64bn), as the group continues to focus more on Africa.
Imperial is seeking to grow its footprint, and its shipping business is considered noncore for this strategy...
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