Deals
MSC Buys Bollore’s African Logistics Unit for €5.7 Billion
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MSC Mediterranean Shipping Co. agreed to buy the African transport and logistics business of Bollore SA for 5.7 billion euros ($6.3 billion) including debt.
Geneva-based MSC, the world’s largest container line, has had exclusivity to make a firm offer for the unit since December. The deal is expected to to be completed by March 2023 after approvals and other conditions are met, according to a statement.