This transaction, which has received a favourable opinion from each of the employee representative bodies consulted in the Bolloré Group, concerns the port, rail and logistics entities in Africa as well as the port concessions in India, Timor Leste and Haiti.
The sale of these activities is subject to regulatory and competition approvals and the agreement of certain counterparties of Bolloré Africa Logistics. The transaction is expected to be completed by the end of the first quarter of 2023.
The MSC Group has formally committed to keep Bolloré Africa Logistics as an autonomous entity, to maintain the current organisation but above all the jobs and projects. As a world leader in container shipping, the MSC Group has made significant investments in Africa in recent years and has great ambitions for the continent.
The Bolloré Group will remain strongly involved in Africa, notably through Canal+, and will also continue to develop on this continent its activities on numerous sectors such as communications, entertainment, telecommunications and publishing.
