Bolloré accepts MSC’s offer for its African logistics unit
Bolloré Group has accepted the €5.7 billion offer from MSC to sell 100 percent of Bolloré Africa Logistics, comprising all of the Bolloré Group’s transport and logistics activities in Africa.
To remind, the container shipping and logistics major MSC Group has put in a €5.7 billion offer for Bolloré Africa Logistics at the end of last year. The sale remains subject to regulatory and competition approvals and the agreement of certain of Bolloré Africa Logistics’ counterparties and is expected to be completed by the end of the first quarter of 2023.
The Bolloré Group will remain strongly involved in Africa, notably through Canal+, and will also continue to
develop on this continent its activities in numerous sectors such as communications, entertainment,
telecommunications and publishing.
MSC Group added that the acquisition includes 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. It further added that 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.
Recently, Bolloré Group, through its Bolloré Transport & Logistics Côte d’Ivoire unit delivered five electrical transformers, two reactors and various electrical equipment for the Atinkou combined cycle power plant being built in Jacqueville, Côte d’Ivoire, formerly known as CIPREL V.
Bolloré Logistics’ Malawian unit wrapped up the transportation for the Golomoti solar project, by moving 221 TEUS of solar panels, batteries and equipment from China to Malawi. The company supported the energy project by transporting 121 TEUS of solar panels and related infrastructure from various ports in China and 100 TEUS of batteries and assorted apparatus from Port of Beira to the Golomoti plant, located in the Dedza district – approximately 100 km south-east of Lilongwe.