Smart Logistics

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

TLME News Service

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.

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