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2020
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Proposed introduction of a 25% B-BBEE shareholding in Imperial Logistics Group South Africa proprietary limited

The board of directors of Imperial is pleased to announce that it has entered into transaction agreements with B-BBEE shareholders (Afropulse, Willowton and Converting Trade), in relation to a proposed transaction that would provide the B-BBEE shareholders with an opportunity to participate in a 25% B-BBEE shareholding in Imperial Logistics Group South Africa Proprietary Limited (ILSA – the Imperial company which subsequent to the transaction will house most of the Group's South African operations).

Sale of the South American shipping business

Imperial announces the sale of its South American shipping business to Hidrovias do Brasil S.A. The board of Imperial is pleased to announce that it has entered into an agreement for the sale of its South American shipping business to Hidrovias do Brasil S.A., an independent integrated logistics provider focused on waterways logistics services in Latin America. The closing date of the transaction was 16 April 2021.

Imperial Innovation Fund participates in a $1.5M seed round for health-tech startup Redbird

The Imperial Innovation Venture Fund, a partnership with Newtown Partners, together with Johnson & Johnson Foundation, participated in a USD1.5M seed round for Ghana-based health tech startup, Redbird, bringing total funding raised to date to USD2M.

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"We have delivered a good set of results – growing revenue and operating profit from continuing operations – despite increasingly difficult and volatile markets. These results are reflective of our resilience, cost cutting, rationalisation initiatives and progress with our strategy to refocus the business as the ‘Gateway to Africa’ and an integrated ‘One Imperial’."

Mohammed Akoojee – Chief executive officer

 

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