News / CMA CGM confirms takeover talks with Bolloré Logistics

© Mohamed Ahmed Soliman

CMA CGM is in talks to take over Bolloré Logistics, as anticipated by Loadstar Premium last year.

Bolloré is thought to be worth about $5.5bn.

Sources had indicated that the ever-growing French group was planning a takeover of a major French logistics company and CMA CGM said today it had “entered into exclusive negotiations to acquire the transportation and logistics activities held through Bolloré Logistics”.

It added that the negotiations were in line with the group’s long-term strategy, “based on the two pillars ...