CMA CGM puts Bolloré Polynesian subsidiary up for sale
Bolloré’s Polynesia subsidiary has been put up for sale by new parent CMA CGM, claiming ...
PRESS RELEASE
29 April 2020
Bolloré Logistics, ranking among the world’s top 10 in transport and logistics, has taken a significant leap forward in the Nordics with the acquisition of a majority stake in the Swedish company Global Freight Solutions AB and its Finnish affiliate. This now extends the present Bolloré Logistics network to 600 offices in 109 countries with 25,000 employees. This acquisition reinforces the company’s presence in Europe, especially in the Nordic markets. It was a strategic target to complement the regional network having previously established a structure in Norway which was subsequently joined by a similar investment in Denmark.
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– Here is more about the target.
– Financials were not disclosed. However, a back-of-the-envelope calculation based on the total number of employees of the target suggests the deal is likely worth only a few million euros, under a best case.
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