Imperial Logistics Ltd. (JSE:IPL) has decided to put its Germany-based international logistics subsidiary up for sale as it is no longer a core business. "As part of the strategy process, we thoroughly assessed the strategic fit of our international portfolio. We have concluded that Logistics International is non-core to our 'Gateway to Africa' strategy," Chief Executive Officer Mohammed Akoojee said on February 23, 2021. The Johannesburg-based company is working on an exit plan but it may take time to agree a deal given the current macro-economic uncertainty and Imperial's objective to maximise value for shareholders, Imperial Logistics said. Imperial will seek to sell the international business as a whole which is expected to attract also financial investors.