14.9 C
Hamburg
Friday, June 6, 2025
Home News DP World and Imperial finalise acquisition deal

DP World and Imperial finalise acquisition deal

Imperial Logistics Limited and DP World Logistics FZE have confirmed that all conditions precedent regarding DP World’s offer to acquire a 100% stake in Imperial, including regulatory approvals, have been fulfilled.

Therefore, the transaction is now unconditional and will be implemented on 14 March 2022.

“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,” commented Imperial’s Group CEO, Mohammed Akoojee.

Sultan Ahmed Bin Sulayem, DP World’s chairman and CEO, said, “We are excited to conclude our acquisition of Imperial, which has a significant presence in Africa, a market where trade is expected to grow at more than twice GDP driven by population growth, accelerated urbanisation and rising middle classes. Imperial’s capabilities in market access and logistics and its extensive African and European footprint will complement and enhance our growth aspirations.”





Latest Posts

GSTS expands in Europe with world’s first AI-powered collaborative optimisation solution

Global Spatial Technology Solutions (GSTS), a maritime AI company, has announced the expansion of its solution offerings to European markets. GSTS has recently established an...

Capesize S&P activity drops around 48%

Written by Rebecca Galanopoulos, Senior Content Analyst at Veson Nautical Using VesselsValue Timeseries, we examine how historical orderbook trends have influenced time charter rates and...

Transpacific container rates starting to spike on demand surge

Logistics markets and supply chains faced another confusing, dramatic few days last week as the US Court of International Trade ruled that President Trump...

BIMCO develops standard clause addressing USTR uncertainties

BIMCO, the world’s largest shipping association, has initiated the development of a standard industry clause to address contractual uncertainties arising from the United States...

Wincanton accelerates net zero ambitions with deployment of 24 electric HGVs

Wincanton has announced the first wave of 24 new electric heavy goods vehicles (HGVs) joining its fleet this year, marking a key step towards...
error: Content is protected !!