AFRICA

How MSC's Aponte family outbid CMA CGM's Saadé owners for Bolloré's African assets

Bolloré Ports' container terminal in Pointe-Noire (Congo).
Bolloré Ports' container terminal in Pointe-Noire (Congo). © Bolloré Ports
The announcement, on 20 December, that Bolloré had entered exclusive negotiations with the Italian-Swiss group MSC for the sale of its African port and logistics business came as a slap in the face for CMA CGM. Over the last three months, the UAE-backed Marseille shipping group had tried everything in its power to be Bolloré's sole bidder, to no avail. [...] (1501 words)
Issue dated 21/12/2021 Reading time 7 minutes
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