MSC Group announced that its wholly owned subsidiary SAS Shipping Agencies Services has completed the acquisition of Bolloré Africa Logistics. The transaction has been approved by all relevant regulatory authorities.
MSC’s acquisition of Bolloré Africa Logistics SAS and its subsidiaries (“Bolloré Africa Logistics Group”) underscores MSC’s long-term commitment to investing in African supply chains and infrastructure to support the needs of both companies’ customers, a statement said.
Philippe Labonne will continue his long-standing role at the helm of the company as President of Bolloré Africa Logistics.
MSC intends to further enhance the continent’s connectivity to the rest of the world and enable trade within Africa as part of the implementation of the AfCFTA (African Continental Free Trade Area). With the financial strength and operational expertise of the MSC Group behind it, Bolloré Africa Logistics will be able to meet all of its government obligations, particularly in relation to port concessions.
Diego Aponte , President of the MSC Group, said: “We are delighted to welcome more than 21,000 new colleagues to the MSC family with the acquisition of Bolloré Africa Logistics. I would like to thank the Bolloré family and in particular Cyrille for making the transaction smooth and efficient and I congratulate them on creating such a well established company.”
“The agreement strengthens MSC’s longstanding relationship with Africa and underscores our commitment to the continent’s economic growth. This includes investments in ships, shipyards, container terminals, logistics solutions, warehousing facilities, road and rail networks that support and improve trade on the African continent and with the rest of the world. Our strategy remains rooted in our values and in our long-term vision that protects over 150,000 employees in 155 countries worldwide.”
MSC Mediterranean Shipping Company, headquartered in Geneva, Switzerland, is a leading privately owned global transport and logistics company founded in 1970 by Gianluigi Aponte . As one of the world’s leading container shipping lines, MSC has 675 offices in 155 countries with over 150,000 employees.
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