Because Bolloré will sell African logistics to Msc

22 December 20212 years ago babelfish

All the moves between Bolloré and the Italian-Swiss company Msc. The article by Giuseppe Gagliano

On December 20, negotiations began for the sale of Bolloré Africa Logistics (BAL) to the Italian-Swiss Mediterranean Shipping Company (MSC).

MSC's purchase offer, estimated at € 5.7 billion (company value net of minority interests), will be studied until March 31, 2022 before a lengthy validation process and closing of the transaction.

If on the one hand Cyrille Bolloré underlines the new development opportunities offered by this agreement, which concerns all port establishments in Africa, India, East Timor and Haiti, on the other hand she wanted to reassure about the preservation of jobs.

It should not be forgotten that Bolloré Africa Logistics is the largest integrated logistics network in Africa where it is present in more than 45 countries, with over 20,000 employees and with a turnover of 2.1 billion euros in 2020, down by -10%.

However, in recent months Bolloré Africa Logistics had a 9% increase at the end of September 2021 also thanks to the good performance of the port terminals (including Abidjan Terminal in Ivory Coast, Benin Terminal, Conakry Terminal in Guinea, TICT in Nigeria, Freetown Terminal in Sierra Leone). Now, this agreement would allow a boil to be increasingly competitive.

Let's not forget that MSC manages terminals in Togo and Ivory Coast, through its subsidiary Terminal Investment Limited (TIL) and this represents a significant advantage for the French group. In any case, the group's investments will continue in the optical fiber sector through GVA (Vivendi Africa Group), a subsidiary of Vivendi, which specializes in providing high-speed Internet access on the continent.

This is a machine translation from Italian language of a post published on Start Magazine at the URL https://www.startmag.it/smartcity/bollore-msc/ on Wed, 22 Dec 2021 07:53:20 +0000.