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MSC Group completes acquisition of Bolloré Africa Logistics
MSC's acquisition of Bolloré Africa Logistics SAS and its affiliates ("Bolloré Africa Logistics Group") highlights the long-term commitment of MSC to invest in African supply chains and infrastructure, supporting the needs of clients of both businesses.
MSC reiterates that it will operate Bolloré Africa Logistics Group as an autonomous entity with its portfolio of diversified partners, under a new brand to be unveiled in 2023. Philippe Labonne will continue his longstanding role at the helm of the business as President of Bolloré Africa Logistics.
MSC intends to continue enhancing the continent's connectivity with the rest of the world and enable trade within Africa amid the implementation of the continental free trade (AfCFTA). Backed by MSC Group's financial strength and operational expertise, Bolloré Africa Logistics will be able to meet all its commitments to governments, particularly regarding port concessions.
MSC Group President Diego Aponte said:
MSC Mediterranean Shipping Company, headquartered in Geneva, Switzerland , is a global leader in transportation and logistics, privately owned and founded in 1970 by Gianluigi Aponte . As one of the world's leading container shipping lines, MSC has 675 offices across 155 countries worldwide with over 150,000 employees. With access to an integrated network of road, rail and sea transport resources which stretches across the globe, the company prides itself on delivering global service with local knowledge. MSC's shipping line sails on more than 260 trade routes, calling at over 520 ports.
For more information visit www.msc.com.
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