Making a strong statement of its intentions to strengthen its end-to-end logistics offering, MSC has confirmed the acquisition of 100% of Bolloré Africa Logistics
This includes all of Bolloré Group’s shipping, logistics and terminal operations in Africa, as well as its terminal operations in India, Haiti and Timor-Leste, for a purchase price based on an enterprise value, net of minority interests, of 5.7 billion euros.
“The signing of this agreement follows a thorough and positive consultation process with representatives of employees of the Bolloré Group,” according to MSC.
Completion remains subject to the receipt of approvals, including from the relevant competition authorities.
“The acquisition of Bolloré Africa Logistics reaffirms MSC Group’s long-standing commitment to invest in Africa and to strengthen supply chains across the continent, as well as connecting it to the rest of the world.”
