GMA Logistics seals BEE deal

AS PART of its black economic empowerment
policy, GMA Logistics has just formed a partnership with the black-owned
private equity and investment holding
company, Imbewu Capital Partners.
Imbewu has acquired 25.1% of GMA Logistics
– with the remaining shareholding owned by
GM Arcache Shipping and management.
GMA Logistics has simultaneously purchased
the business operations of GM Arcache Shipping.
“The business is supported by a global
network of agents, partners
and associate operators,”
said GMA Logistics MD, Eugene Arcache.
“Meantime, Imbewu Capital Partners has
expertise in private equity
and investment banking.”