Vincent Bolloré
French industrial and logistics group Bolloré may soon part company with its African branch.
Italian-Swiss shipowner MSC has offered to buy the French group's logistics activities in Africa for 5.7 billion euros.
The deal however will have to be concluded by the end of March next year.
Bolloré has infrastructures in more than 20 countries on the African continent, including a network of 16 port concessions, warehouses and road and rail hubs.
Although small in terms of turnover, the African logistics branch achieved 2.1 billion euros in 2020. It employs more than 20 000 people.
The group however will maintain a strong presence in Africa namely in sectors such as the media and telecoms.
The potential new owners, MSC, is a Geneva-based global shipping company with more than 100,000 employees.
MSC claims a fleet of 560 ships and more than 100,000 employees.
It operates terminals from Singapore to Long Beach (California, western United States) via Rotterdam, and also runs a road transport network.
Go to video
11 wounded in crackdown on anti-coup sit-in - Sudan's doctors
Go to video
Ethiopian and Sudanese leaders meet in Nairobi
Go to video
Egypt: Suez Canal announces record $7bn profit in 2021-2022
Go to video
Freetown protests harsh economic conditions
Go to video
Chad: Wide-ranging investigation into embezzlement at national oil company
02:31
African youth united against gender based violences