The Bolloré Group signs an agreement with The MSC GROUP

0
372

Following the exclusive negotiations announced on 20 December 2021 and the favourable opinions issued by each of the consulted employee representative bodies, the Bolloré Group has signed today the agreement relating to the sale to the MSC Group of 100% of Bolloré Africa Logistics, comprising all of the Bolloré Group’s transport and logistics activities in Africa, on the basis of an enterprise value, net of minority interests, of 5.7 billion euros.

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 this continent its activities in numerous sectors such as communications, entertainment, telecommunications, and publishing.

xyz xyz
Devender was born in the year when the Beatles Group was formed. He holds two master’s degrees in English Literature and Public Administration. He also has an Honors degree in English Literature and a post-graduate diploma in Corporate Communications and Public Relations. He was closely associated with the Indian State Transport Undertakings and Ministry of Transport in his role as Corporate Communications and PR specialist for over two decades handling domestic and international organizations. He ventured into business forming his own Media House, Profiles Media Network Private Limited which is now a twenty years old company. Excelling as an editor, Marketing, PR, Anchor, and Advertising specialist, he is now expertly navigating the world of social media. A widely traveled professional internationally, Devender has a deep understanding of the Air Cargo, Cargo Business, Cargo Airports, Freighters and Cargo Industry at large.