. Imperial Logistics Limited (Imperial) and DP World Logistics (DP World) have both announced DP World's offer to acquire a 100% stake in Imperial, including regulatory approvals, has been fulfilled. One of the world's largest logistics companies DP World has made a R12.7bn cash offer to purchase JSE-listed Imperial Logistics. The news sent shares . The news sent shares in the South African company rocketing by almost 34 percent in early trade. DP World and Imperial to complete takeover. "Imperial's business strongly complements DP World existing footprint in Africa and Europe," the Dubai . DP World made an offer in July last year. Dubai Ports World (DP World) has submitted an offer to acquire Imperial Logistics, listed on the Johannesburg Stock Exchange, for $890 million. 08 Jul, 2021, 7:01 am. Dubai-based global port operator DP World announced on Wednesday that it has closed a deal to acquire Imperial Logistics in South Africa. 2022-02-27 -. Imperial, which has streamlined its business after the spin-off of its automative unit Motus, has benefited from a booming e-commerce industry, accelerated by the pandemic trends. SOUTH AFRICA - Imperial Logistics has announced that it has entered into a transaction implementation agreement regarding a cash offer of ZAR66 (US$4.6) per share from DP World to acquire all outstanding shares of Imperial, implying an estimated aggregate cash consideration of ZAR 12.7 billion (US$891 million).. Shares in South Africa's Imperial Logistics jumped almost 34% after Dubai's DP World said it would pay up to $887 million to acquire the company's outstanding shares. The acquisition will enhance DP World's capabilities, particularly in Africa, building on its extensive infrastructure of ports . Imperial Logistics offers supply chain design, end-to-end . "We are excited about concluding this transaction, which will be value-enhancing for our people, clients and principals, for our service offering Emirati marine terminal operator DP World plans to expand its logistics operations into Africa via a proposed acquisition of South African logistics company Imperial Logistics. The potential acquisition will enhance DP World's capabilities . Imperial says DP World sees Africa as a long-term, high . Dp World has acquired South African logistics company Imperial Logistics and Syncreon Holdings with an investment of $ 2 billion and $ 90 million. DP World's offer to acquire Imperial Logistics equates to approximately USD890 million, representing a 39.5% premium on Imperial Logistics' share price as at 7 July. This offer represents a premium of 39.5 percent to the Imperial . Acquisition Type Acquisition. DP World is a multinational logistics company specializing in port terminal operations, maritime services, free trade zones and cargo handling and logistics . The transaction is now unconditional and will be implemented on 14 March 2022. syncreon is a US-based company with strong logistics solutions . Imperial Logistics, which is the subject of a R12.7bn buyout from Dubai-based DP World, has now pegged February 2022 as the date the deal will proceed, two months later than initially planned. The acquisition is expected to add significant value to DP World given Imperial's footprint and strong market access and logistics solutions capability. The Competition Tribunal has conditionally approved the acquisition of Imperial Logistics by DP World. . Imperial Logistics Limited (Imperial) and DP World Logistics (DP World) have announced that all conditions precedent regarding DP World's offer to acquire a 100% stake in Imperial have been fulfilled. Final Imperial FY2021 business update and trading statement July 2021 - PDF 160KB. DP World buys Imperial Logistics at 39.5 per cent premium: Deal snapshot; It has been on an acquisition spree as it attempts to become a more diversified, integrated logistics company. 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 . DP World took another step in diversifying its . The UAE-based global port operator, DP World has made an offer to the African-focused logistics solutions provider, Imperial Logistics, to acquire all outstanding shares of the company for US$4.6 per share, which translates to a total of US$890 million. How is DP World using these and its other acquisitions to bring better service to its clients? The unconditional transaction was implemented on March 14, 2022. Dubai Ports World (DP World) plans to acquire South Africa's Imperial Logistics with a cash offer of R12.7 billion ($890 million). Dubai-based DP World has made an opportunistic, R12.7 billion offer for Imperial Logistics considering the good prospects of the Pan-Africa integrated market access and logistics solutions . DP World 's offer to acquire Imperial Logistics equates to approximately USD 890 million, representing a 39.5% premium on Imperial Logistics' share price as at 7 July. Therefore, the transaction is now unconditional and will be implemented on 14 March 2022. Imperial, which started off as a dealership in 1948 and grew into a logistics giant . This comes soon after DP World has announced its shipping container volumes increased by 9.4% in 2021. Supply chain solutions provider DP World has revealed plans to acquire Imperial Logistics in an $890m deal. DP World handles an estimated 10% of the world's global container traffic, and has more than 53 000 employees in 61 countries. Imperial, DP World and DP World Shareholder entered into the second addendum to the Transaction Implementation Agreement (the "Addendum") in order to, inter alia, extend the Scheme Cut-off Date, from Thursday, The transaction is now unconditional and will be implemented on 14 March 2022. ("Imperial") DP World Logistics FZE Incorporated in the Jebel Ali Free Zone, Dubai, United Arab Emirates (Registered number 220600) . Last year, DP World also announced the acquisition of South Africa-based Imperial Logistics, a company with operations mainly across the African continent and in Europe. The acquisition will enhance DP World's capabilities, particularly in Africa, building on its extensive infrastructure of ports, terminals and economic zones. Imperial Logistics' shareholders have voted in favour of Dubai Ports World's acquisition of the company. DP World acquisition of Imperial Logistics set for completion Photo: DP World DP World is set to conclude its acquisition of South Africa-based Imperial Logistics Limited with all conditions having. Shares. Deniz Tas commented: "We are honoured to have supported our long-standing client DP . Dubai Ports World. Sultan Ahmed Bin Sulayem, Group Chairman and CEO, DP World, said, "The acquisition of Imperial will help DP World to build better and more efficient supply chains for the owners of cargo, especially in Africa. Imperial's business strongly complements DP World's existing footprint in Africa and Europe and will allow DP World to deliver a […] The conglomerate has been steadily . Announced Date Jul 8, 2021. proposed transaction, DP World Logistics will acquire control of Imperial Logistics. 1597. Imperial Logistics and Syncreon have been DP World's star acquisitions over the past year. DP World is ultimately controlled by the Dubai government. The transaction is now unconditional and will be implemented on 14 March 2022. DP World has received all regulatory approvals for 100 per cent acquisition of Imperial Logistics, an integrated market access company with operations mainly across the African continent and in . DP World has announced plans to buy South Africa's Imperial Logistics for $890m, a move that will transform the distribution landscape in Africa. The acquisition, which is part of the company's efforts to expand its logistics footprint in Africa, took place on March 14 . Combined circular to shareholders by Imperial and DP World - PDF 745KB. The transaction is now unconditional and will be implemented on 14 March 2022. July 9, 2021 at 10:49 am. SUNDAY WORLD / 08 JULY 2021 - 11.33 / KABELO KHUMALO Johannesburg - Dubai-based DP World today announced an offer to acquire JSE-listed Imperial Logistics for $890 million (R12.7 billion). In July, Imperial announced that it had received a R12.7-billion acquisition offer from the United Arab Emirates state-owned company for 100% of the group. Acquisition Status Pending. DP World, one of the world's leading providers of smart logistics and port operation services has received all regulatory approvals needed to acquire 100% of South Africa's Imperial Logistics for $890 million, in a bid to fortify the port operator's position across African markets. DP World announces 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. The… The acquisition comes on the back of Imperial's announcement that Dubai Ports World (DP World) wants to buy and delist the local group in a R12.7 billion deal. Dubai-headquartered DP World, which has 136 business units in 61 countries across six continents, said it is interested in acquiring Imperial and all of its businesses to expand its logistics footprint in Africa and Europe. DP World Annual Report & Accounts 2021. The Group focuses on fast-growing industries including healthcare,. DP World Logistics announced that all conditions precedent regarding DP World's offer to acquire a 100% stake in Imperial Logistics Limited including regulatory approvals, have been fulfilled. The acquisition of Imperial provides significant strategic value by complementing the DP World group's existing footprint in Africa and Europe and enabling DP World to deliver an end-to-end solution to cargo owners across a wide and highly competitive market. This follows the Competition Tribunal last week conditionally approving the proposed acquisition of Imperial Logistics by global. The deal was agreed in February and all regulatory approvals have now been secured. Imperial's business strongly complements DP World's existing footprint in Africa and Europe and will allow DP World to deliver a […] Imperial Logistics Limited ('Imperial') and DP World Logistics FZE ('DP World') are pleased to advise that all conditions precedent regarding DP World's offer to acquire a 100% stake in Imperial, including regulatory approvals, have been fulfilled. Imperial Firm Intention Announcement Final 8 July 2021 - PDF 162KB. "We are excited about concluding this transaction, which will be . Both parties have announced that "all conditions precedent regarding DP World's offer to acquire a 100% stake in Imperial, including regulatory approvals, have been fulfilled." March 1, 2022 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. DP World will acquire a 100 per cent stake in Imperial Logistics Limited following regulatory approval. DP World Logistics FZE (DP World) has acquired a 100% stake in Imperial Logistics Limited (Imperial) after meeting all conditions and regulatory approvals this week. DP World announces 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 comes soon after DP World has announced its shipping container volumes increased by 9.4% in 2021. The transaction is now unconditional and will be implemented on 14 March 2022. DP World plans to buy South Africa's Imperial Logistics Ltd. for $890 million, in what the port operator said would be its most significant acquisition in Africa so far. DP World, one of the biggest players in the global supply chain, has taken its power one step further with two new acquisitions. DP World said last July that it planned to buy Imperial Logistics for $890 million. DP World in a statement said the acquisition will enhance its capabilities, particularly in Africa and accelerate its transformation into an advanced logistics company offering end-to-end supply chain . The offer of R66 a share represents . Founded in 1948 as a motor dealership in . The global logistics company says the acquisition would be its . Imperial's operations are complementary to our network of ports, terminals and logistics operations on the continent. DP World offers to acquire 100% stake in Imperial. (Bloomberg) --Imperial Logistics Ltd. is planning to acquire transportation firm J&J Africa ahead of its own takeover by DP World. In July, Imperial announced that it had received a R12.7-billion acquisition offer from the United Arab Emirates state-owned company for 100% of the group. Cargo ships with full container receipts to import and export products worldwide. JOHANNESBURG (Reuters) -Shares in South Africa's Imperial Logistics jumped almost 34% after Dubai's DP World said it would pay up to $887 million to acquire the . Imperial, which started off as a dealership in 1948 and grew into a logistics giant . 0. January. 2 Min Read. The transaction will be implemented on 14th March 2022. The South Africa-based company is holding talks to buy the business from its private equity owners, it said in a statement Tuesday that confirmed an earlier Bloomberg News report . The Dubai-based company has been on an acquisition spree as it attempts to become a more diversified and integrated logistics company. July 8, 2021. Imperial Logistics has announced that it might delist from the JSE as it received a buyout offer of R12.7-billion. Imperial Logistics and DP World confirmed on July 8 that the Dubai-based group had entered into an agreement to acquire Imperial for an estimated R12.7 billion cash, resulting in the company's. DP World is a vast company in 69 countries with over 71,000 people and developing all the time. Imperial Logistics Limited (Imperial) and DP World Logistics (DP World) have announced that all conditions precedent regarding DP World's offer to acquire a 100 per cent stake in Imperial have . The deal, which is expected to close in Q1 2022, will be subject to regulatory approval. Dubai Ports World (DP World), which is owned by the Dubai government, has launched a R12.7 billion cash bid to buy out shareholders in South Africa's Imperial Logistics. DP World said in a . Imperial Logistics has announced that it will pay R4.4 billion to buy African logistics company J&J Group. The transaction is now unconditional and will be implemented on 14 March 2022. D ubai's DP World to pay $887. 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. 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 on Friday. Imperial Logistics Limited ('Imperial') and DP World Logistics FZE ('DP World') are pleased to advise that all conditions precedent regarding DP World's offer to acquire a 100% stake in Imperial, including regulatory approvals, have been fulfilled. Rapid growth Imperial explained that it had received DP World's consent for the J&J . Imperial Logistics Limited (Imperial) and DP World Logistics (DP World) have both announced DP World's offer to acquire a 100% stake in Imperial, including regulatory approvals, has been fulfilled. The acquisition, which is part of the company's efforts to expand its logistics footprint in Africa, took place on March 14, the company said in a statement to Nasdaq Dubai. The acquisition will enhance DP World's capabilities, particularly in Africa, building on its extensive infrastructure of ports, terminals and economic zones. The transaction is now unconditional and will be implemented on 14 March 2022. DP World has completed the purchase of South Africa's Imperial Logistics, with the latter's shares delisted from the Johannesburg Stock Exchange on 15 March. DP World and Imperial to complete takeover Dubai-headquartered port and terminal operator DP World Logistics is now ready to take over Southern African Imperial Logistics. Imperial Logistics, which is the subject of a R12.7bn buyout from Dubai-based DP World, has now pegged February 2022 as the date the deal will proceed, two months later than initially planned. Dubai-headquartered port and terminal operator DP World Logistics is now ready to take over Southern African Imperial Logistics. Dubai-based DP World has announced that all conditions have been fulfilled related to its offer to acquire South Africa's Imperial Logistics Ltd in what the port operator has described as its most significant acquisition in Africa so far. Both parties have announced that "all conditions precedent regarding DP World's offer to acquire a 100% stake in Imperial, including regulatory approvals, have been . The transaction is now unconditional and will be implemented on 14 March 2022. Imperial Logistics has a presence across 25 countries, including a significant footprint in the high growth Africa market. The company . DP World has offered to acquire Johannesburg-listed Imperial Logistics in a deal worth $890 mil-lion that would bolster the Dubai port operator's footprint in Africa. 2. DP World is one of the world's largest operators of marine ports and inland cargo terminals, stretching from gateways in London and Antwerp to hubs in Africa, Russia, India and the Americas. Imperial Logistics' shareholders have voted in favour of Dubai Ports World's acquisition of the company. Imperial Logistics is set to be delisted from the JSE on March 15. Imperial Logistics Limited (Imperial) and DP World Logistics (DP World) have both announced DP World's offer to acquire a 100% stake in Imperial, including regulatory approvals, has been fulfilled. DP World to Buy Imperial Logistics in $890 Million Bet on Africa. By Reuters Staff. DP World has 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. The acquisition is expected to add significant value to DP World given Imperial's footprint and strong market access and logistics solutions capability. Price $890M. This comes soon after DP World has announced its shipping container volumes increased by 9.4% in 2021. At the beginning of 2021, we partnered with UNICEF to support the distribution of COVID-19 vaccines to lower-income countries worldwide. RIYADH: DP World has offered to acquire Johannesburg-listed Imperial Logistics in a deal worth $890 million that would bolster the Dubai port operator's footprint in Africa. This offer represents a premium of 39.5 percent to the Imperial share price as . The . The reported offer of $890 million to acquire a 100 percent stake in Imperial will be implemented on . July 8, 2021: Imperial today announced that it 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 c. ZAR 12.7 billion. "Combining DP World's world-class infrastructure, specifically its investment and expertise in ports on the . DP World plans to buy South Africa's Imperial Logistics Ltd. for $890 million, in what the port operator said would be its most significant acquisition in Africa so far. Combined with our 2021 acquisition of SYNCREON, the South Carolina Gateway Logistics Park is part of DP World's vision to help U.S. businesses face the evolving supply chain and logistics . DP World announces 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. Dubai-based global port operator DP World announced on Wednesday that it has closed a deal to acquire Imperial Logistics in South Africa. JOHANNESBURG, July 8 (Reuters) - Shares in South Africa's Imperial Logistics jumped almost 34% after Dubai's DP World said it would pay up to $887 million to acquire the company's . It has offered a 40% premium on Imperial Logistics' last closing price. "Imperial's business . The parties submitted that DP World Logistics is controlled by DP World Limited ("DP World"). The business activities of the undertakings concerned are: − for DP World: port terminal . DP World is set to conclude its acquisition of South Africa-based Imperial Logistics Limited with all conditions having been fulfilled. The company bought. DP World announces an offer to acquire JSE-listed Imperial Logistics, an integrated logistics and market access company with operations mainly across the African continent and Europe. DP World Group DP World is an enabler of global trade and a leader in marine terminal operations and development, logistics, and related services. Conditions included regulatory approvals and the transaction will be implemented on 14 March 2022. The acquisition will enhance DP World's capabilities, particularly in Africa, building on its extensive infrastructure of ports, terminals and economic zones. Limited ("DP World", United Arab Emirates) acquires within the meaning of Article 3(1)(b) of the Merger Regulationsole control of the whole of Imperial Logistics Limited ("Imperial Logistics", South Africa) 3by way of purchase of shares. Date: 05/10/2021. DP World Buys Imperial Logistics at 39.5% Premium: Deal Snapshot It has been on an acquisition spree as it attempts to become a more diversified, integrated logistics company. The acquisition is expected to add significant value to DP World given Imperial's footprint and strong market access and logistics solutions capability. It has. 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