More foreign takeover bids expected as Dubai giant targets SA's Imperial

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Imperial Logistics looks set to benefit from growth in Africa, after the company recently sold some of its European and South American assets to refocus its investments on the continent.
Imperial Logistics looks set to benefit from growth in Africa, after the company recently sold some of its European and South American assets to refocus its investments on the continent.
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Analysts believe more South African companies will be targeted by foreign buyers, after Imperial Logistics received a R12.7 billion cash bid from state-owned Dubai Ports World (DP World).

The cash offer of R66 a share represented a premium of almost 40% to Imperial's share price of R47.30 before the announcement was made.

It's the latest in a growing line of deals which signals foreign interest, with Heineken's recent announcement that it is in talks to buy Distell following German multinational Linde's takeover of Afrox and Pepsico's acquisition of Pioneer Foods in a R26 billion deal last year.

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