Imperial Logistics sells South American shipping business for R1.3bn
The deal comes after the group shifted focus to growing its footprint in Africa
19 April 2021 - 09:18
UPDATED 19 April 2021 - 12:45
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...
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