MSC Mediterranean Shipping Co., the world’s second-biggest container line, offered to buy the African transport and logistics business of Bollore SA for 5.7 billion euros ($6.4 billion) including debt.
Geneva-based MSC has been granted exclusivity until March 31 to put forward a formal bid, Bollore, the Paris-based group founded by the family of French billionaire Vincent Bollore, said in a statement Monday.
