Hidrovias acquires Imperial assets in South America

Hidrovias acquires Imperial assets in South America

M&A Africa Brazil Paraguay

Brazilian waterways logistics company Hidrovias do Brasil said Monday that it agreed to buy the South American shipping assets of South African-listed Imperial for up to $90 million. According to the terms of the deal, Hidrovias signed on to buy 100% of two Imperial subsidiaries – Imperial Shipping in Paraguay and Dutch-based Imperial South America – as well as Imperial's 50% stake in the Baden joint venture with local infrastructure company CIE. The purchase price stands at 9.6 times EBITDA for

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