MSC has made an offer to acquire 100% of Bolloré Africa Logistics, covering all of the Bolloré Group’s transport and logistics activities in Africa.
The offer is based on an enterprise value, net of minority interests, of €5.7 billion ($6.4 billion).
The Bolloré Group has granted the ocean carrier an exclusivity until 31 March 2022 to allow them further time to submit a put option, further to an additional due diligence phase and contractual negotiations.
“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,” said the Bolloré Group in a statement.
Completion of the sale would require the approval of regulatory and competition authorities, as well as counterparties of Bolloré Africa Logistics.
“The Bolloré Group will, in any event, 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,” continued the Group.
In other recent news, MSC Thailand has signed a partnership with Kale Logistics for digital delivery documentation across the supply chain.
Kale Logistics Solutions (Kale) has collaborated with TIFFA EDI Services to provide the CODEX Electronic Delivery Order (e-DO) service to the MSC Thailand to digitally enable all stakeholders.
Developed in partnership with TIFFA, the CODEX e-DO services enable freight forwarders, shipping lines, custom brokers, importers, and terminal operators to exchange and receive delivery order documents digitally instead of in paper form.
The CODEX e-DO platform allows multiple stakeholders to perform their business activities via a digital interface, enabling stakeholders to place an e-DO request to the shipping line.