Imperial Logistics, whose trucks haul everything from fuel to beer, has agreed to sell its South American shipping business for $90m as it continues a strategic drive of increasingly focusing on Africa.
The amount represents the maximum enterprise value on Imperial’s stake in the business, with the agreement also including an earn-out component, with a maximum purchase price of $100m. The earn-out component depends on water levels over a four-year period...A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.
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