10.01.2022
Artikel Nummer: 39051
Bolloré receives billion-euro offer from MSC
In December the Bolloré Group received an offer from the Geneva-based MSC Group to acquire its entire African logistics operations. The offer was submitted on the basis of a valuation (net of minority interests) of EUR 5.7 billion.
Bolloré has granted MSC exclusivity until the end of March 2022, to enable the MSC Group (further to an additional due-diligence phase and contractual negotiations) to submit a put option. The French company will also consult its employee representative bodies first and conduct some internal reorganisation measures.
The completion of the sale will require the approval of regulatory and competition authorities. If the sale goes ahead it will mean the Bolloré Group will quit the field of logistics. (sh)