{"id":23221,"date":"2022-07-20T15:33:49","date_gmt":"2022-07-20T15:33:49","guid":{"rendered":"https:\/\/www.africa-press.net\/mozambique\/all-news\/dp-worlds-imperial-obtains-approval-for-acquisition-of-100-stake-in-africa-based-jj-group"},"modified":"2022-07-20T15:53:07","modified_gmt":"2022-07-20T15:53:07","slug":"dp-worlds-imperial-obtains-approval-for-acquisition-of-100-stake-in-africa-based-jj-group","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/mozambique\/all-news\/dp-worlds-imperial-obtains-approval-for-acquisition-of-100-stake-in-africa-based-jj-group","title":{"rendered":"DP World\u2019s Imperial obtains approval for acquisition of 100% stake in Africa-based J&J Group"},"content":{"rendered":"

Africa-Press – Mozambique. <\/strong><\/span>Imperial, owned by DP World, announced today that all the requirements relating to its 100% acquisition of the J&J Group have now been fulfilled. The transaction relating to the acquisition of the first tranche of shares (51%) of the J&J Group, which was announced on 29 July 2021, was closed on 18 July 2022. This will be followed by the acquisitions of the second and third tranches of 46.5% and 2.5%, respectively.<\/p>\n

J&J Group offers end-to-end logistics solutions along the Beira and North-South corridors in South-East Africa, specialising in the transport of break-bulk, containerised, project, fuel and out-of-gauge cargo between Mozambique, Zimbabwe, Zambia, South Africa, Malawi and the Democratic Republic of the Congo.<\/p>\n

Sultan Ahmed Bin Sulayem, Group Chairman and CEO of DP World, said: \u201cThis acquisition strengthens DP World\u2019s position in Africa as an end-to-end logistics provider, by adding J&J\u2019s significant presence along these key corridors in Africa \u2013 a market where trade is expected to grow at more than twice GDP driven by population growth, accelerated urbanisation and rising middle classes.\u201d<\/p>\n

Mohammed Akoojee, Chief Operating Officer of DP World Logistics, Group CEO at Imperial, added: \u201cThis acquisition complements our \u2018Gateway to Africa\u2019 focus as it optimises and expands our reach in Africa by providing scale in end-to-end cross-border transportation services in key countries and new industries. This is possible through well-established routes, port capabilities, a well-developed asset base, including a fleet and warehousing space, as well as an entrenched customer portfolio.\u201d<\/p>\n

Through the acquisition of the J&J Group, Imperial will be positioned for quicker go-to-market outside of South Africa and end-to-end access to certain key countries and corridors (port to customer) in Africa.<\/p>\n

\u201cWe are excited for J&J to partner with Imperial and believe that the operations of these two businesses are very complementary. This combination offers existing and potential J&J clients a true gateway to Africa,\u201d explained Carlyle and Ethos Private Equity, currently the controlling shareholder of the J&J Group.<\/p>\n

About DP World<\/b><\/p>\n

We are the leading provider of worldwide smart end-to-end supply chain logistics, enabling the flow of trade across the globe. Our comprehensive range of products and services covers every link of the integrated supply chain \u2013 from maritime and inland terminals to marine services and industrial parks as well as technology-driven customer solutions.<\/p>\n

We deliver these services through an interconnected global network of 295 business units in 78 countries across six continents, with a significant presence both in high-growth and mature markets. Wherever we operate, we integrate sustainability and responsible corporate citizenship into our activities, striving for a positive contribution to the economies and communities where we live and work.<\/p>\n

Our dedicated, diverse and professional team of more than 97,600 from 158 nationalities are committed to delivering unrivalled value to our customers and partners. We do this by focusing on mutually beneficial relationships \u2013 with governments, shippers, traders, and other stakeholders along the global supply chain \u2013 relationships built on a foundation of mutual trust and enduring partnership.<\/p>\n

We think ahead, anticipate change and deploy industry-leading digital technology to further broaden our vision to disrupt world trade and create the smartest, most efficient and innovative solutions, while ensuring a positive and sustainable impact on economies, societies and our planet.<\/p>\n

Facebook Post click here<\/b><\/a><\/p>\n

For More News And Analysis About Mozambique<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Mozambique. Imperial, owned by DP World, announced today that all the requirements relating to its 100% acquisition of the J&J Group have now been fulfilled. The transaction relating to the acquisition of the first tranche of shares (51%) of the J&J Group, which was announced on 29 July 2021, was closed on 18 […]<\/p>\n","protected":false},"author":84,"featured_media":23220,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5,8,16],"tags":[233,281,283],"class_list":["post-23221","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","category-homepage-english","category-twitter","tag-africa-press","tag-africa-press-mozambique","tag-mozambique"],"yoast_head":"\nDP World\u2019s Imperial obtains approval for acquisition of 100% stake in Africa-based J&J Group - Mozambique<\/title>\n<meta name=\"description\" content=\"Imperial, owned by DP World, announced today that all the requirements relating to its 100% acquisition of the J&J G ...\" \/>\n<meta name=\"robots\" content=\"index, follow, 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