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Bollore Is in Talks to Sell African Logistics Assets for $6.4 Billion

  • Closely held container line granted exclusivity until March 31
  • Bid comes as pandemic boosts shipping rates to record levels
Updated on

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.