This results in an estimated total purchase price of ZAR 12.7 billion, equivalent to around EUR 750 million. This offer represents a premium of 39.5% to Imperial's share price on July 7, 2021 and a premium of 34.2% to the weighted average share price over the last 30 days.

DP World is a global supply chain solutions provider with 136 business units in 61 countries across six continents, which is seeking to expand its logistics presence in Africa and Europe through the acquisition of Imperial and all of its divisions. The Imperial Logistics International division falls within the scope of DP World's offering and will therefore not be sold separately. In Germany, DP World is active in Mannheim, Germersheim and Stuttgart.

"This transaction will be value accretive for Imperial as our business will benefit from DP World's leading technology, global network and key trade routes. At the same time, we will be able to focus on our Gateway to Africa strategy and growth plans. Our Imperial Logistics International division is also closely aligned with DP World's expansion plans in Europe. The combination of DP World's world-class infrastructure and Imperial's logistics and market access solutions will enable us to offer integrated end-to-end solutions along key trade routes to and from Africa, which will also lead to greater supply chain efficiency and ultimately increase value for all stakeholders," explains Mohammed Akoojee, Group CEO of Imperial.

DP World employs 50,000 people worldwide. DP World's vision is to drive economic growth by creating efficient supply chains, connecting markets and offering innovative solutions for cargo owners. At the same time, the company focuses on sustainable growth and business activities that have a positive impact on the people, communities and environment in which it operates.

Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World: "We are delighted to announce the proposed acquisition of Imperial, which will add strategic value to DP World given its footprint and significant logistics expertise. Imperial has a significant presence in Africa, a market where trade is expected to grow by more than double GDP due to population growth, accelerating urbanization and an emerging middle class. Imperial's business is highly complementary to DP World's existing presence in Africa and Europe and will enable us to deliver fully integrated end-to-end solutions for cargo owners." The transaction is subject to Imperial's shareholder approval and other regulatory approvals.