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DISPOSAL OF THE SOUTH AMERICAN SHIPPING BUSINESS 1. INTRODUCTION Imperial shareholders are referred to the announcement released on the Stock Exchange News Service on Monday, 04 May 2020, in which they were advised, inter alia, that Imperialâs South American shipping business will be continued on a stand-alone basis but will remain available for sale. Logistics International B.V. & Co. KG and Imperial Fleet Services GmbH, all wholly owned subsidiaries of Imperial, have closed a transaction on 16 April 2021 (âclosing dateâ) in respect of the sale of its respective interest, being assets, shares and claims, in its South American shipping business (âSouth American shipping businessâ or âInterest in the South American ....