DECRYPTION – He sells his logistics activities to the shipowner MSC. A revolution for the group and for the continent.
It’s the end of a French adventure in Africa. The Bolloré group resells its logistics activities on the continent. Its sixteen large container port terminals (Togo, Guinea, Congo, etc.), its three railway concessions (Benin, Cameroon, etc.) and its multitude of warehouses dispatched to more than forty African countries will fall into the hands of the Italian-Swiss shipowner MSC.
The case had been in the air since Christmas Eve. On December 20, Bolloré entered into exclusive talks with MSC, which put 5.7 billion euros on the table to grab Bolloré Africa Logistics (BAL). On Thursday evening, this sale materialized: “The Bolloré group today signed the contract providing for the sale to the MSC Group of 100% of Bolloré Africa Logistics on the basis of an enterprise value, net of minority interests, of 5.7 billion euros”, the group said in a statement. The time to have the authorizations of all the competition authorities, this branch will change…
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