Bollore Group

CMA CGM completes Bolloré Logistics takeover

French shipping giant CMA CGM Group has completed the acquisition of Bolloré Logistics from its compatriot transportation company Bolloré Group.

The two firms announced that the purchase price is €4.85 billion (US$5.25 billion), on the basis of the estimated debt and cash on the completion date.

In 2022, Bolloré Logistics achieved a turnover of €7.1 billion (US$7.7 billion), transported 710,000 TEUs of ocean freight and 390,000 tons of air freight, along with a storage capacity of 900,000 m².

This...

https://container-news.com/cma-cgm-completes-bollore-logistics-takeover/

CMA CGM, Bolloré Logistics close to US$5.5 takeover deal

French shipping group CMA CGM has agreed to acquire 100% of Bolloré Logistics for €5 billion (around US$5.5 billion), after exclusive negotiations between the two companies.

Bolloré Group has not yet approved the deal, saying that it has accepted this put option strictly as an offer.

“The information and consultation procedures with the relevant staff representative bodies of the Bolloré Group pertaining to this transaction shall now be initiated,” stated Bolloré Group adding that the decision as...

https://container-news.com/cma-cgm-bollore-logistics-close-to-us5-5-takeover-deal/

MSC makes US$6.4 billion offer for the purchase of Bolloré’s African logistics unit

MSC has made an offer to the Bolloré Group to acquire 100% of Bolloré Africa Logistics, comprising all of the Bolloré Group’s transport and logistics activities in Africa, for €5.7 billion (US$6.4 billion).

The Bolloré Group has granted the MSC Group an exclusivity until 31 March 2022 to enable the MSC Group, further to an additional due diligence phase and contractual negotiations, to submit a put option, according to a statement.

“The Bolloré Group’s decision to exercise this put option and the...

https://container-news.com/msc-makes-us6-4-billion-offer-for-the-purchase-of-bollores-african-logistics-unit/

Shipping giant MSC offers to buy Africa unit of Bolloré Logistics

A large container vessel with MSC on hull at a port with large cranes hovering over it.

Mediterranean Shipping Co., the world’s second-largest ocean container line, has made an offer to acquire the Africa division of Bolloré Group, the France-based third-party logistics provider announced Monday. 

The move is part of a recent trend that has seen ocean carriers and terminal operators become more vertically integrated freight transportation and logistics providers to diversify their revenue streams and offer customers holistic supply chain solutions based on variable needs. Supply...

https://www.freightwaves.com/news/shipping-giant-msc-offers-to-buy-africa-unit-of-bollore-logistics