MSC bids €5.7bn for Bolloré’s Africa arm

The Bolloré Group has received an offer from the MSC Group, a major player in container transport and logistics, to acquire 100% of Bolloré Africa Logistics, comprising all of the Bolloré Group’s transport and logistics activities in Africa, on the basis of an enterprise value, net of minority interests, of €5.7bn.

The Bolloré Group has granted the MSC Group an exclusivity until 31st March 2022 to enable it to conduct additional due diligence and contractual negotiations.

Completion of the sale would require the approval of regulatory and competition authorities, as well as of certain counterparties of Bolloré Africa Logistics.