Bolloré group has announced that it has received an offer from the MSC group, a major player in container transport and logistics, to acquire 100 per cent of Bolloré Africa Logistics, comprising all the Bolloré group’s transport and logistics activities in Africa, on the basis of an enterprise value, net of minority interests, of €5.7 billion. The Bolloré group has granted the MSC group an exclusivity until 31 March 2022 to enable the MSC group, further to an additional due diligence phase and contractual negotiations, to submit a put option. The Bolloré group’s decision to exercise this put option and the signature of the relevant agreements may only take place after the competent employee representative bodies have been informed and consulted and certain internal reorganization operations have been carried out within the Bolloré group, the company said in a press release.
Completion of the sale would require the approval of regulatory and competition authorities, as well as of certain counterparties of Bolloré Africa Logistics. The Bolloré group will report on the outcome of these exclusive negotiations in due course. MSC Mediterranean Shipping Company is a global business engaged in the shipping and logistics sector. Present in 155 countries, MSC facilitates international trade between the world’s major economies, and among emerging markets across all continents. Founded in 1970 and headquartered in Geneva, Switzerland, since 1978, MSC is a privately-owned organization driven by the Aponte family. A world leader in container shipping, MSC has evolved from a one vessel operation into a globally respected business with a fleet of 600 vessels and more than 100,000 staff. MSC delivers goods and services to local communities, customers, and international business partners. With access to an integrated global network of road, rail and sea transport resources, the company prides itself on delivering global service with local knowledge.