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Imperial Logistics rockets after R12.7bn buyout offer

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Emirati logistics giant DP World has made an offer at a premium of more than a third for Imperial Logistics shareholders

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08 July 2021 – 08:18 Karl Gernetzky

UPDATED 09 July 2021 – 07:26

The share price of Imperial Logistics, whose trucks haul everything from beer to medical supplies, surged by a third on Thursday in the wake of a R12.7bn buyout offer that served  as further confirmation that global investors are interested in unlocking value from JSE-listed stocks.

In what could be the biggest deal since PepsiCo’s $1.7bn (R26bn) acquisition of Pioneer Foods in 2020, Imperial said its management backed the deal that would be a huge shot in the arm for its ambitious plans to become the go-to provider of logistics and market-access services in Africa…

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