Bolloré Group has received an offer from CMA CGM Group for the acquisition of its transport and logistics activities – Bolloré Logistics.
Bolloré said the indicative offer gives the company a EUR5 billion (USD5.5 billion) enterprise value, on a cash/debt-free basis.
According to Bolloré, exclusive negotiations are now under way with CMA CGM following receipt of the indicative offer.
The group said: “The transaction will remain in any event subject to regulatory approvals and no decision to sell will be taken until the end of the information and consultation procedures of the competent employee representative bodies.”
CMA CGM added: “The negotiations are in line with the CMA CGM Group’s long-term strategy, based on the two pillars of shipping and logistics. The group’s strategy is to offer end-to-end solutions in support of its customer’s supply chain needs. If a deal is reached, the acquisition would further strengthen the CMA CGM Group logistics activities.”
HLPFI readers will recall that fellow container giant MSC acquired Bolloré Africa Logistics, including all the group’s shipping, logistics and terminal operations in Africa as well as its terminal operations in India, Haiti and Timor-Leste, last year.
