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

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. 

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    Bollore Bollore Logistics Bollore Africa Logistics CMA CGM MSC Xeneta

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