News Formal

Imperial to offload European shipping business

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%

Business News News

Business Business Latest News,Business Business Headlines

Imperial Logistics is considering disposing of its noncore shipping business in Europe 🔒

Imperial Logistics is considering disposing of its noncore shipping business in Europe as it did not support the group’s Africa-focused growth strategy, says CEO Mohammed Akoojee.

The move comes as the company, which unbundled automotive division Motus in 2018, is eyeing growth in the distribution of consumer and pharmaceutical products in Sub-Saharan Africa.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, Morningstar financial data, and digital access to the Sunday Times and Times Select.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in BUSİNESS
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Business Live Subscriptions
Source: BDliveSA - 🏆 12. / 63 Read more »

Bidcorp’s UK business boosts profitsFood-service group delivers solid performance despite Brexit uncertainties
Source: BDliveSA - 🏆 12. / 63 Read more »