May 4, 2020 / 6:00 AM / a month ago

SA's Imperial Logistics to sell European shipping business for $246 million

(Reuters) - Imperial Logistics (IPLJ.J) said on Monday it would sell its European shipping business to Germany-based Häfen und Güterverkehr Köln AG for an enterprise value of 225 million euros ($245.99 million), as it overhauls its operations.

The company’s South American shipping business will be continued on a stand-alone basis but will remain available for sale, it added.

Reporting by Shanima A in Bengaluru; Editing by Aditya Soni

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below