Imperial to offload European shipping business

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.

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