IMPERIAL:  6,952   -48 (-0.69%)  19/02/2019 00:00

South Africa's Imperial to spin off auto dealership arm

JOHANNESBURG, June 21 (Reuters) - South African transport group Imperial Holdings will spin off its auto dealership business, Motus, it said on Thursday.

"This strategic decision to separate the business operations and management of Imperial will provide shareholders with the opportunity to participate directly in Imperial Logistics and/or Motus," Imperial said in statement (Reporting by Tiisetso Motsoeneng; Editing by Mark Potter)

2018-06-21 11:29:57

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