The Bolloré Group has announced receiving an offer from the MSC Group, a major player in container transport and logistics, to acquire 100 percent of Bolloré Africa Logistics on the basis of an enterprise value net of minority interests, of €5.7 billion.
Bollore’s Africa branch comprises all of the Bolloré Group’s transport and logistics activities on the continent.
In a statement seen by APA on Thursday, the Bolloré Group said it has granted the MSC Group an exclusivity until 31 March 2022 to enable it submit a put option.
This would be further to an additional due diligence phase and contractual negotiations, the statement added.
“The Bolloré Group’s decision to exercise this put option and the signature of the relevant agreements may only take place after the competent employee representative bodies have been informed and consulted and certain internal reorganisation operations have been carried out within the Bolloré Group” it said.
Completion of the sale would require the approval of regulatory and competition authorities, as well as of some collaborators of Bolloré Africa Logistics.
The Bolloré Group said it will report on the outcome of these exclusive negotiations in due course.
The Bolloré Group said it will remain strongly involved in Africa, with Canal+, the leading pay–TV operator in French–speaking Africa and a major shareholder of MultiChoice, the leading pay–TV operator in English–speaking Africa.
The Group will also continue to develop its activities in numerous sectors such as communication, entertainment, telecoms, and publishing.
PR/as/APA