MSC has entered into a share purchase agreement with Bolloré SE relating to the acquisition of 100% of Bolloré Africa Logistics, including all of Bolloré Group’s shipping, logistics and terminals operations in Africa, as well as its terminal operations in India, Haiti and in Timor-Leste.
MSC unveiled that the cost of the acquisition was €5.7 billion (US$6.3 billion).
“The signing of this agreement follows a thorough and positive consultation process with representatives of employees of the Bolloré Group,” said the Geneva-based shipping company in its announcement.
The completion of the acquisition remains subject to the receipt of approvals, including from the relevant competition authorities.
MSC noted that “the acquisition of Bolloré Africa Logistics reaffirms MSC Group’s commitment to invest in Africa and to strengthen supply chains across the continent.”
