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Imperial buys German shipping company

Imperial Reederei, a subsidiary of Imperial Logistics International has bought a majority shareholding in the German shipping company Dettmer Bulk Reederei for an undisclosed sum. The deal is subject to approval under Germany's anti-trust laws.

21 Sep 2011

Hubert Brody, chief executive of Imperial Holdings says the deal will strengthen the group's position in dry cargo shipping. Dettmer Bulk Reederei is a family-owned business with a turnover of R262-million a year.

The company owns six ships and has 25 chartered vessels. Imperial Reederei is an inland waterway shipping company in Europe and has the largest pushboat fleet in Western Europe.

Read the full article on www.iol.co.za.
Read more on Dettmer Bulk Reederei.
Read more on Imperial Reederei.

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