Bollor\u00e9 SE has announced the completion of the sale to the MSC Group of 100% of Bollor\u00e9 Africa Logistics on 21st December 2022, comprising all of the Bollor\u00e9 Group transport and logistics activities in Africa, on the basis of a 5.7 billion euro enterprise value, net of minority interests.<\/p>\n
MSC\u2019s acquisition of Bollor\u00e9 Africa Logistics SAS and its affiliates (Bollor\u00e9 Africa Logistics Group) highlights the long-term commitment of MSC to invest in African supply chains and infrastructure, supporting the needs of clients of both businesses.<\/p>\n
MSC reiterates that it will operate Bollor\u00e9 Africa Logistics Group as an autonomous entity with its portfolio of diversified partners, under a new brand to be unveiled in 2023. Philippe Labonne will continue his longstanding role at the helm of the business as President of Bollor\u00e9 Africa Logistics.
\nMSC intends to continue enhancing the continent\u2019s connectivity with the rest of the world and enable trade within Africa amid the implementation of the continental free trade (AfCFTA). Backed by MSC Group\u2019s financial strength and operational expertise, Bollor\u00e9 Africa Logistics will be able to meet all its commitments to governments, particularly regarding port concessions.<\/p>\n
MSC Group President Diego Aponte said:<\/p>\n
\u201cWe are delighted to welcome more than 21,000 new colleagues to the MSC family through our acquisition of Bollor\u00e9 Africa Logistics. I wish to thank the Bollor\u00e9 family, and Cyrille in particular, for having conducted the transaction in a smooth and efficient way and I congratulate them for having created such a well-established business.<\/em><\/p>\n