Today: 15 October 2025
8 July 2021
1 min read

DP World broadens logistics reach in Africa

This will enhance DP World’s capabilities, particularly in Africa, building on its extensive infrastructure of ports, terminals and economic zones….reports Asian Lite News

DP World announced an offer to acquire JSE-listed Imperial Logistics, an integrated logistics and market access company with operations mainly across the African continent and in Europe.

This will enhance DP World’s capabilities, particularly in Africa, building on its extensive infrastructure of ports, terminals and economic zones.

DP World’s cash offer of ZAR66 per share implies an equity consideration of around ZAR12.7bn (around US$890mn).

It represents a premium of 39.5 percent to the Imperial share price as of 7th July 2021 on the Johannesburg Stock Exchange (JSE) and a 34.2 percent premium to the 30-day volume weighted average price.

This transaction is subject to Imperial’s shareholder approval and other customary completion conditions including regulatory approvals.

Imperial is an integrated logistics and market access solutions provider with a presence across 25 countries, including a significant footprint in the high growth Africa market.

The Group focuses on fast-growing industries including healthcare, consumer, automotive, chemicals, industrial and commodities.

“The acquisition of Imperial will help DP World to build better and more efficient supply chains for the owners of cargo, especially in Africa,” said Sultan Ahmed Bin Sulayem, Group Chairman and CEO, DP World.

“Imperial’s operations are complementary to our network of ports, terminals and logistics operations on the continent. Like DP World, Imperial’s biggest asset is its people, and we look forward to welcoming employees of Imperial into the DP World team on successful conclusion of the transaction.”

ALSO READ: Israel probes possible missile attack on ship en route UAE

Previous Story

Extensive probe into explosion at Jebel Ali Port

Next Story

‘UAE is an obvious choice to host COP 28’

Latest from -Top News

India wins unopposed seat on UNHRC

India last served on the HRC in 2024, completing a second consecutive term….reports Asian Lite News India has been elected unopposed to the UN Human Rights Council (HRC) for the seventh time,

Relief Rolls In, Restrictions Remain in Gaza

Israeli official noted an Israeli statement saying it would limit the number of aid truckloads entering the Gaza Strip to 300 daily…reports Asian Lite News Relief operations in Gaza have intensified since

‘A Day to Rejoice’

In its statement, British Friends of Israel saluted the courage and resilience of the hostages and expressed deep sorrow for those who did not survive captivity After 737 days of anguish, the

UK to Lead Gaza Rebuild

PM announces an additional £20 million aid package aimed at providing essential water, sanitation and hygiene services to tens of thousands of people Prime Minister Keir Starmer attended the signing ceremony of

UK to host summit on Gaza recovery plan

The three-day conference, beginning Monday afternoon, will take place at Wilton Park, the Foreign Office’s policy forum based in West Sussex The UK will host an international summit on the recovery and
Go toTop

Don't Miss

Expo to offer round-the-clock New Year celebration

Aligned with numerous global time zones across 13 hours of

World’s first Warner Bros. hotel to open in Abu Dhabi

Guests will be treated to a journey of discovery through