Container shipping and logistics major MSC Group has put in a €5.7 billion offer to buy 100 percent of Bolloré Africa Logistics, comprising all of the Bolloré Group’s transport and logistics activities in Africa.

The Bolloré Group has granted the MSC Group an exclusivity until March 31, 2022 to enable it, further to an additional due diligence phase and contractual negotiations, to submit a put option.

The Bolloré Group’s decision to exercise this put option and the signature of the relevant agreements may only take place after the competent employee representative bodies have been informed and consulted and certain internal reorganisation operations have been carried out within the Bolloré Group.

Completion of the sale would require the approval of regulatory and competition authorities, as well as of certain counterparties of Bolloré Africa Logistics.

The Bolloré Group will report on the outcome of these exclusive negotiations in due course.