According to information of “World”, the bank Morgan Stanley began surveying buyers for Bolloré Africa Logistics, branch history and the long “cash cow” of the businessman.
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What cause an earthquake on the African continent if this goes to completion. According to corroborating sources, the Bolloré group is studying the sale of its logistics activities in Africa, one of its traditional business, the result of the first acquisitions of Vincent Bolloré there are more than thirty years. A pole that was long the “cash cow” of the businessman, helping to finance its raids and other conquests.
The investment bank Morgan Stanley was responsible for discreetly explore the interest of potential buyers, including big names shipping. The CMA CGM French reviews the file, as well as the Danish Maersk. The port operator Dubai Ports World and China Cosco Shipping, manager of the Greek port of Piraeus, could also be put in the running. If the big private equity funds like KKR or Ardian teeming capital, most of them are limited by their status, their ability to invest in emerging markets. When questioned, the group declined to comment.
In Africa, where it employs 20 800 people, “Bolloré is present in 42 ports as operator of port terminals, shipping lines agent or handler of non-containerized goods. It mainly manages 16 terminals containers in Central Africa and West, 7 terminal roll-on / roll-off [ “rolls to enter”, “rolls out”], 3 railway concessions, warehouses, dry ports … “says in his annual report, the Breton group, led by Cyrille Bolloré, the youngest son of the patriarch.
major judicial Rebounding
The branch Bolloré Africa Logistics, which generated in 2020 a turnover of 2.1 billion euros, would be valued at between 2 billion and $ 3 billion. However, the scope may be sold does not seem frozen. Beyond its undeniable leader positions in Africa, the group manages a logistics and transportation activity which claims the top five players in Europe, with a turnover of 3.7 billion euros and 12,500 employees. It is not excluded that some buyers also eyeing these complementary businesses.
Vincent Bollore is not one to turn a very good offer, even if it essentially would leave the group that bears his name communication, ie Vivendi, electricity storage and the financial holdings. Conversely, note the regulars, nothing says that the deal will go to completion. In the past, the businessman has already proposed to the sale of major assets, before giving up.
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