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Showing posts with label Imperial. Show all posts
Showing posts with label Imperial. Show all posts

Friday, July 9, 2021

DP World offers to acquire 100% stake in Imperial

  4:48:00 PM   ,   No comments   Edit

https://www.stattimes.com/news/dp-world-offers-to-acquire-100-stake-in-imperial-logistics/


DP World offers to acquire 100% stake in Imperial





Imperial has entered into a transaction implementation agreement regarding a cash offer of ZAR66 per share from DP World to acquire all outstanding shares of Imperial, implying an estimated aggregate cash consideration of ZAR 12.7 billion. This offer represents a premium of 39.5 percent to the Imperial share price as at 7 July 2021 and a 34.2 percent premium to the 30-day volume weighted average price of Imperial.

DP World, a global infrastructure-led supply chain solutions provider with 136 business units in 61 countries across six continents, is interested in acquiring Imperial and all its businesses to expand its logistics footprint in Africa and Europe. Imperial’s Logistics International business is within the scope of the offer and as such will not be sold separately under this proposed offer.

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