MSC Group is pleased to confirm 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, meeting the needs of both companies' customers.

 

MSC reiterates that it will operate Bolloré Africa Logistics Group as a standalone entity with its diverse portfolio of partners, under a new brand to be unveiled in 2023. Philippe Labonne will retain his role at the helm of the company as President of Bolloré Africa Logistics.

 

MSC intends to continue improving the continent's connectivity with the rest of the world and enabling trade in Africa as part of the implementation of the African Continental Free Trade Area (AfCFTA). Backed by the financial strength and operational expertise of the MSC Group, Bolloré Africa Logistics will be able to meet all its commitments to governments, particularly those relating to port concessions.

 

We are delighted to welcome more than 21,000 new colleagues to the MSC family through our acquisition of Bolloré Africa Logistics. I would like to thank the Bolloré family, and Cyrille in particular, for conducting the transaction smoothly and efficiently, and I congratulate them on building such a well-established business.

 

The agreement will strengthen MSC's long-standing ties with Africa and reinforce our commitment to the continent's economic growth, including investments in ships, shipyards, container terminals, logistics solutions, storage facilities, road and rail networks that will support and enhance trade on the African continent and with the rest of the world.

 

Our strategy remains rooted in our values and long-term vision, which protects more than 150,000 employees in 155 countries around the world.

Diego APONTEPresident of the MSC Group

 

About MSC

MSC Mediterranean Shipping Company, headquartered in Geneva, Switzerland, is a privately owned global leader in shipping and logistics, founded in 1970 by Gianluigi Aponte. MSC is one of the world's leading container shipping companies. It has 675 offices in 155 countries and employs more than 150,000 people.

With access to an integrated road, rail, and maritime transport network that spans the globe, the company prides itself on providing global service with local knowledge. MSC shipping operates on more than 260 trade routes and calls at more than 520 ports. For more information, visit www.msc.com

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MSC Mediterranean Shipping Company

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