DP World meets all conditions to buy 100% stake in S.Africa’s Imperial

DP World meets all conditions to buy 100% stake in S.Africa’s Imperial

DP World has concluded its acquisition of South Africa’s Imperial Logistics after meeting all conditions, including regulatory approval, a move that will strengthen the ports operator’s position in Africa.

As a result of the deal, which will be enacted on March 14, Imperial Logistics will delist its shares from the main board of the Johannesburg Stock Exchange on March 15, the companies said in a joint statement.

Mohammed Akoojee

Group CEO – Imperial “We are excited about concluding this transaction, which will be value-enhancing for our people, clients and principals, for our service offering across the markets we serve, and for our other key stakeholders who will benefit from DP World’s leading technology, capabilities, global networks, scale and key trade-lane volumes, while enabling us to build on our ‘Gateway to Africa’ strategy and growth ambitions. Combining DP World’s world-class infrastructure, specifically its investment and expertise in ports on the African continent, with Imperial’s logistics and market access platforms will enable us to offer integrated end-to-end solutions along key trade lanes into and out of Africa, also driving greater supply chain efficiencies, and ultimately enhancing value for all stakeholders.”

DP World is one of the world’s biggest operators of marine ports and inland cargo terminals,