MSC completes acquisition of Bolloré Africa Logistics
MSC Group has completed the acquisition of Bolloré Africa Logistics, comprising all of the Bolloré Group transport and logistics activities in Africa, on the basis of a €5.7bn (US$6bn) enterprise value.
The sale price of the shares is €5.1bn (US$5.4bn) while €600m (US$640m) of shareholder loans were also repaid for the business, which includes operations in 16 container terminal concessions (Republic of Côte d’Ivoire, Ghana, Nigeria, Cameroon, Gabon, Congo, Togo, Guinea-Conakry, etc), seven roll-on roll-off (ro-ro) terminals, two wood terminals and a river terminal, plus a conventional stevedoring activity.
MSC reiterated that it will operate Bolloré Africa Logistics Group as an autonomous entity with its portfolio of diversified partners, under a new brand to be unveiled in 2023.
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