Sign up for our FREE newsletter
Receive FREE Newsletter
Advanced Search
+

RTR: French group Bolloré considering selling African logistics divisions – Le Monde

UPS: MULTI-MILLION PENALTY FOR UNFAIR EARNINGS DISCLOSUREWTC: PUNISHEDVW: UNDER PRESSUREKNIN: APAC LEADERSHIP WATCHZIM: TAKING PROFITPEP: MINOR HOLDINGS CONSOLIDATIONDHL: GREEN DEALBA: WIND OF CHANGEMAERSK: BULLISH CALLXPO: HEDGE FUNDS ENGINEF: CHOPPING BOARDWTC: NEW RECORDZIM: BALANCE SHEET IN CHECKZIM: SURGING

UPS: MULTI-MILLION PENALTY FOR UNFAIR EARNINGS DISCLOSUREWTC: PUNISHEDVW: UNDER PRESSUREKNIN: APAC LEADERSHIP WATCHZIM: TAKING PROFITPEP: MINOR HOLDINGS CONSOLIDATIONDHL: GREEN DEALBA: WIND OF CHANGEMAERSK: BULLISH CALLXPO: HEDGE FUNDS ENGINEF: CHOPPING BOARDWTC: NEW RECORDZIM: BALANCE SHEET IN CHECKZIM: SURGING

Hundred dollar bill. Falling money isolated background. American cash.
By

REUTERS reports:

French conglomerate Bolloré, owned by billionaire Vincent Bolloré’s family, is considering selling its African logistics divisions, French daily Le Monde reported on Friday.

Investment bank Morgan Stanley has been hired to gauge the interest of potential buyers, Le Monde reported, citing unidentified sources.

Bolloré and Morgan Stanley declined to comment.

Le Monde said that French shipping company CMA CGM and Danish group Maersk are looking at the assets.

The daily also said that Bolloré’s African logistics activities could be valued between 2 billion euros ($2.3 billion) and 3 billion euros.

Shares in Bolloré were up 2.66% at 0916 GMT.

($1 = 0.8610 euros)

Reporting by Mathieu Rosemain and Gwenaelle BarzicWriting by Matthieu Protard Editing by Jason Neely and Mark Potter. 

Comment on this article

You must be logged in to post a comment.

    Related Stories

    Topics

    Bollore Bollore Logistics Ceva CMA CGM Geodis M&A SNCF

    Most read news

    Back to work order sees Canadian ports reopen to a battle against backlogs

    Hapag-Lloyd reveals rotation changes to Asia-Europe CGX service

    Indian importers face freight rate hike shock out of Asia

    Delays at Mauritius transhipment hub spark box line congestion surcharges

    MSC 'to offer feeder vessel' to get stranded Canadian cargo to its destination

    US and Mexico intermodal traffic surge too much for railways to swallow?

    DSV Schenker – Herr Kuehne redux

    US 'de minimis' rises its head again as shipments hit a billion a year

    eVTOL drone project gets closer to flights carrying air cargo

    Vancouver airport closes runway after Cargojet's Amazon flight skids off tarmac

    Five key questions facing ocean container shippers under a Trump presidency

    'Retreating from globalisation can put your competitive position at risk'

    Hede Shipping rejigs transpac feeder service to target growing ecommerce

    Western carriers call Russian airspace ban and Chinese advantage 'unfair'

    European forwarders set for a bumpy ride in automotive logistics, says Ti

    Is Amazon Air Cargo flying in the right direction?