MSC Group reaches agreement with Bolloré Group for the acquisition of Bolloré Africa Logistics. MSC Group confirms that it has entered into a share purchase agreement with Bolloré SE relating to the acquisition of 100% of Bolloré Africa Logistics including all of Bolloré Group’s shipping, logistics and terminals operations in Africa, as well as its terminal operations in India, Haiti and in 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.
Completion remains subject to the receipt of approvals, including from the relevant competition authorities.
The acquisition of Bolloré Africa Logistics reaffirms MSC Group’s longstanding commitment to invest in Africa and to strengthen supply chains across the continent, as well as connecting it to the rest of the world.
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.
MSC calls at 500 ports on 230+ trade routes, carrying some 23 million TEU (twenty-foot equivalent units) annually, via a modern fleet, equipped with the latest green technologies.