MERGERS & ACQUISITIONS
JSE-listed Imperial, through its subsidiary Imperial Mobility International, plans to acquire 100% of UK-founded Palletways Group for £162.9-million, or R3.8-billion, from mid-market private equity firm Phoenix Equity Partners. The acquisition, which would be settled through the use of existing unused foreign credit facilities and cash, was aligned with Imperial’s ambitions of expanding globally through the acquisition of asset-light logistics businesses.
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