Management-buy-back on the Danube
It is a re-transaction. South Africa-headquartered Imperial, which is stepping back from its European inland navigation activities, has sold its 90% holding in Multinaut Donaulogistik Gesellschaft to Peter Jedlicka, Multinaut’s managing director. In 2008, it was the other way round, when Jedlicka sold the stake to Imperial, retaining 10% of its shares; he is now again the sole owner of the business.
Multinaut is an operator of inland waterways shipping services on the Rhine-Main-Danube system, with a fleet of 25 vessels ranging from 750 to 2,900 t capacity, and bases in Vienna and Regensburg.
Hakan Bicil, CEO at Imperial Logistics International, spoke of "Imperial’s future development strategy" beyond inland waterway shipping. (mw)