DP World plans to acquire Imperial Logistics in South Africa, in a deal worth $890 million.
And according to Arab Net, Dubai Ports said it had made an offer of $4.6 per share, which represents a 40% premium to Wednesday's closing price.
She added that the acquisition of the logistics operations company, will be its most prominent deal on the African continent to date, and will allow it to provide integrated services for freight in a larger group of markets.
A week ago, DP World Group announced its acquisition of 100% of Syncreon for $1.2 billion. This transaction is subject to customary terms of completion and is expected to be completed in the second half of 2021.
Headquartered in the USA, Synchron specializes in logistics by designing and operating supply chains for the high-growth automotive and technology sectors.
