Through a proposed acquisition of “Imperial”

Dubai Ports expands logistics services in Africa

The new acquisition will help DP World build better supply chains in Africa.

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DP World Group announced that it has submitted an offer to acquire Imperial Logistics, listed on the Johannesburg Stock Exchange, an integrated logistics company for several markets, with operations in Africa and Europe.

This acquisition will enhance the capabilities of DP World and expand the scope of logistics services in Africa, based on its extensive infrastructure of ports, container terminals and economic zones, and will also significantly accelerate the transformation of DP World into an advanced logistics services company, providing Goods owners integrated supply chain services from the point of shipment to the destination of goods.

The offer represents a premium of 39.5% over the Imperial share price, from the date of July 7, 2021 on the Johannesburg Stock Exchange, and 34.2% on the weighted average price of the 30-day trading volume.

This transaction is subject to the approval of the Imperial shareholders, and other usual completion conditions, including regulatory approvals. in the high-growth African market.

The group focuses on fast-growing industries, including healthcare and consumer goods, automobiles, chemicals, industrial products and commodities. Imperial's business has been built on long-term partnerships with merchandise owners, in addition to serving as a trusted partner to many multinational clients and business owners.

The Chairman and CEO of DP World Group, Sultan Ahmed bin Sulayem, said, “The acquisition of (Imperial) will help (DP World) in building better and more effective supply chains for cargo owners, especially in Africa,” noting that “ The operations of (Imperial) are complementary to their network of ports, container terminals and logistics operations on the African continent.”

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