MSC Group Acquires Bolloré Africa Logistics for $5.7 Billion

MSC Group Acquires Bolloré Africa Logistics for $5.7 Billion

Sale price of the shares is $5.1 billion with $600 million of shareholder loans repaid

After having obtained the regulatory and competition approvals that conditioned the completion of the operation, the Bolloré Group has announced the sale of 100% of Bolloré Africa Logistics to the MSC Group.

The sale price of the shares is $5.1 billion with $600 million of shareholder loans repaid.

The Bolloré Group will remain strongly involved in Africa, notably through Canal+, and will also continue to develop on this continent its activities in many fields such as communications, entertainment, telecommunications and publishing.

Read More: World Will Overcome Challenges to Keep Trading: MSC CEO, Soren Toft

Related Stories

No stories found.
logo
Transport and Logistics ME
www.transportandlogisticsme.com