CMA CGM looks to secure Bolloré Logistics acquisition for €5bn
CMA CGM has granted a put option to the Bolloré Group to acquire 100% of the transport and logistics operations of Bolloré Logistics for €5bn (US$5.5bn).
A statement from Bolloré noted that a consultation process with relevant staff representative bodies would determine whether the company goes through with the deal.
Final completion of the transaction remains subject, first, to the examination by employee representation, and then to customary regulatory approvals.
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