Thursday, November 7, 2024

Bolloré group mulls selling logistics business in Africa

Indepth

- Advertisement -
[dropcap]B[/dropcap]olloré group is studying the sale of its logistics activities in Africa, reports French news outlet Le Monde citing  corroborating sources.

The business is owned by  French businessman Vincent Bolloré.

A pole which was for a long time the “cash cow” of the businessman, helping him to finance his raids and other conquests.

The Morgan Stanley investment bank was tasked with discreetly surveying the interest of potential buyers, in particular the big names in shipping. 

The French CMA CGM examines the case, as well as the Danish Maersk. The port operator Dubai Ports World and the Chinese Cosco Shipping, manager of the Greek port of Piraeus, could also join the ranks. While large private equity funds like Ardian or KKR are full of capital, most of them are limited, by their status, in their ability to invest in emerging countries. When questioned, the group declined to comment.

Also Read

DSV inaugurates its largest logistics centre in Africa

Leaders make urgent call to accelerate vaccination globally and in Africa

- Advertisement -

LEAVE A REPLY

Please enter your comment!
Please enter your name here

PHARMA WEBINAR

spot_img

Latest News

Travel

The Africa Logistics

The Africa Logistics is a print and online portal that offers latest news and firsthand information in the logistics industry.

More

NEWS

Social

© Copyright 2024, The Africa Logistics. All Rights Reserved