Bahri Logistics has entered into an agreement with Bolloré Logistics to acquire 40 per cent of the share capital of their joint venture, Bahri Bolloré Logistics, that it does not already own. Following the proposed transaction, Bahri Bolloré Logistics will become a wholly owned subsidiary of Bahri and will be renamed Bahri Logistics.
Commenting on the announcement, Eng. Ahmed Ali Alsubaey, CEO of Bahri, said: “Since its establishment in 2017, Bahri Bolloré Logistics has grown into a strong...
https://www.themaritimestandard.com/bahri-logistics-buys-out-bollore/