Imperial Logistics, whose trucks haul everything from fuel to beer, has agreed to sell its South American shipping business for $90m (R1.3bn) as it continues a strategic drive of increasingly focusing on Africa.

The sale follows that of Imperial's European shipping business for R3.44bn in July 2020, with the group cutting back on its international businesses as it seeks to create a streamlined, Africa-focused group...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now