Office Address
123/A, Miranda City Likaoli Prikano, Dope
Phone Number
+0989 7876 9865 9
+(090) 8765 86543 85
Email Address
info@example.com
example.mail@hum.com
123/A, Miranda City Likaoli Prikano, Dope
+0989 7876 9865 9
+(090) 8765 86543 85
info@example.com
example.mail@hum.com
The Bolloré Group said
that, even though the sale to CMA CGM has been completed, the transfer of
Bolloré Logistics Sweden AB to the French company remains subject to obtaining
foreign investment clearance in Sweden.
The two agreed to
the sale back in May 2023 for an initial price of
€5bn. The buy did have some
hurdles it had to jump over before it was completed. Competition authorities in
Polynesia and the EU Commission gave the all-clear only after the divestment of
certain Bolloré assets or in the case of Polynesia – the cancellation of one of CMA CGM’s Panama
Direct Line service.
According to Bolloré,
the purchase price of €4.85bn was formed based on the estimated debt and cash
on the completion date.
Bolloré is a major transport and logistics company
and achieved a turnover of €7.1bn in 2022. It transported 710,000 teu of ocean
freight and 390,000 tons of air freight, along with a storage capacity of
900,000 sq m.
This is CMA CGM’s
largest acquisition since its creation in 1978 and, according to the French
liner, is a major step in its logistics development strategy.
“The new entity, made
up of CEVA and Bolloré Logistics, is the world’s number 5 in its sector. We
will now be able to offer our customers a complete range of services and extend
our expertise to new businesses. On behalf of the CMA CGM Group and my family, I would like to welcome the 14,000
employees who are joining us today,” said Rodolphe Saadé, CEO and chairman of
CMA CGM.
