Dubai's DP World to acquire SA logistics firm Imperial for $880m
Dubai's DP World said on Thursday it had made a cash offer of R12.73bn ($887 million) to acquire all shares of South African firm Imperial Logistics.
Source: Imperial Logistics
The acquisition, giving the global supply chain solutions provider a stronger foothold in the African continent, will be done at a premium of around 40% to the closing price of Imperial as on 7 July, the company said.
Imperial will be de-listed after the acquisition.
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