Monday, January 30, 2023
  • Contact
Jobs in France
  • Home
  • Working in France
  • Jobs Available
  • Buying Property
  • Living in France
  • EU rules to work
No Result
View All Result
Jobs in France
Home EU rules to work

Bolloré ready to sell its logistics activities in Africa

editor by editor
October 15, 2021
in EU rules to work
0
Bolloré ready to sell its logistics activities in Africa
0
SHARES
9
VIEWS
Share on FacebookShare on Twitter


A container ship moored at one of the docks of the port of Abidjan (Côte d'Ivoire), in 2012.
A container ship moored at one of many docks of the port of Abidjan (Côte d’Ivoire), in 2012. THE TWO KAMBOO / AFP

Sufficient to trigger an earthquake on the African continent if this operation goes to an finish. In accordance with corroborating sources, the Bolloré group is finding out the sale of its logistics actions in Africa, one in every of its historic companies, the results of Vincent Bolloré’s first acquisitions greater than thirty years in the past. A pole which was for a very long time the “money cow” of the businessman, serving to him to finance his raids and different conquests.

Learn the column: Article reserved for our subscribers “If the African farewell materializes, what will Bolloré do with the billions collected which will be added to those resulting from the sale of Universal Music Group?” “

The Morgan Stanley funding financial institution was tasked with discreetly surveying the curiosity of potential consumers, specifically the massive names in transport. The French CMA CGM examines the case, in addition to the Danish Maersk. The port operator Dubai Ports World and the Chinese language Cosco Transport, supervisor of the Greek port of Piraeus, may additionally be part of the ranks. Whereas massive non-public fairness funds like Ardian or KKR are stuffed with capital, most of them are restricted, by their standing, of their potential to spend money on rising international locations. When questioned, the group declined to remark.

In Africa, the place it employs 20,800 folks, “Bolloré is current in 42 ports as operator of port terminals, agent of transport strains and even handler of non-containerized items. It primarily manages 16 container terminals in Central and West Africa, 7 roll-on / roll-off terminals [“roule pour entrer”, “roule pour sortir”], three rail concessions, warehouses, dry ports… ”, specifies, in its annual report, the Breton group, led by Cyrille Bolloré, the youngest of the patriarch’s sons.

Learn additionally Article reserved for our subscribers Vincent Bolloré, an empire built on financial blows

Main judicial twist

The Bolloré Africa Logistics department, which generated a turnover of two.1 billion euros in 2020, can be valued between 2 billion and three billion euros. Nonetheless, the perimeter more likely to be bought doesn’t appear mounted. Past its positions as a necessary chief in Africa, the group manages a logistics and transport exercise that claims to be among the many high 5 European gamers, with a turnover of three.7 billion euros and 12,500 workers. It’s not excluded that some consumers are additionally eyeing these complementary companies.

Vincent Bolloré will not be the kind to refuse an excellent supply, even when that would go away primarily within the group which bears his identify the communication, in different phrases Vivendi, the storage of electrical energy and the monetary participations. Conversely, notice the regulars, nothing says that the transaction might be accomplished. Prior to now, the businessman has already provided for the sale of enormous property, earlier than giving up.

You’ve 62.49% of this text to learn. The remaining is for subscribers solely.



Source link

Related posts

“Penalization does not solve the problem”: a deputy from Pyrénées-Orientales, president of the study group on prostitution

“Penalization does not solve the problem”: a deputy from Pyrénées-Orientales, president of the study group on prostitution

January 27, 2023
Poland will ask Germany for its agreement to deliver Leopard tanks to kyiv

Poland will ask Germany for its agreement to deliver Leopard tanks to kyiv

January 23, 2023
Previous Post

Real estate: where to buy a house less than 1h30 from Paris?

Next Post

E-commerce: ever larger warehouses

Next Post
E-commerce: ever larger warehouses

E-commerce: ever larger warehouses

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

RECOMMENDED NEWS

Serge Marie unveils his Good Living list at Berlaimont

Serge Marie unveils his Good Living list at Berlaimont

3 years ago
The not-so-stupid question: why do we breed llamas in France?

The not-so-stupid question: why do we breed llamas in France?

3 years ago
Joint statement following the visit to France of the Prime Minister of the Republic of Iraq, Mohammed Chia AL-SOUDANI.

Joint statement following the visit to France of the Prime Minister of the Republic of Iraq, Mohammed Chia AL-SOUDANI.

4 days ago
les témoignages de massacre à Boutcha et Borodianka se multiplient, la Russie dénonce une « mise en scène » mais n’apporte pas de preuve

les témoignages de massacre à Boutcha et Borodianka se multiplient, la Russie dénonce une « mise en scène » mais n’apporte pas de preuve

10 months ago

FOLLOW US

  • 993 Followers
  • 121 Followers
  • 87.1k Followers
  • 174k Subscribers

BROWSE BY CATEGORIES

  • Buying Property
  • EU rules to work
  • Jobs Available
  • Living in France
  • Working in France
ca-pub-4683751899853596
ADVERTISEMENT
ca-pub-4683751899853596
ADVERTISEMENT

POPULAR NEWS

  • Revolut to migrate its British IBANs to Lithuanians before switching to French

    Revolut to migrate its British IBANs to Lithuanians before switching to French

    0 shares
    Share 0 Tweet 0
  • With French Kiss begins the webtoon with French sauce

    0 shares
    Share 0 Tweet 0
  • For a Valentine's Day full of com-passion

    0 shares
    Share 0 Tweet 0
  • Benjamin Samat (Les Marseillais) is leaving France to settle in Dubai!

    0 shares
    Share 0 Tweet 0
  • Montpellier. Tennis: Xavier Llongueras, ten years of Open Sud de France trophies

    0 shares
    Share 0 Tweet 0

About Site: Jobs in France

We bring you the best Premium Website that perfect for France living, working, job news blog. Read our categories posts for details.

Follow us on social media:

Recent News

  • Gérald Darmanin distingue les communistes “de ceux qui n’aiment pas le travail à LFI”
  • Self-service scooters in Paris: the truth about accidents, parking…
  • “Penalization does not solve the problem”: a deputy from Pyrénées-Orientales, president of the study group on prostitution

Category

  • Buying Property
  • EU rules to work
  • Jobs Available
  • Living in France
  • Working in France

Recent News

Gérald Darmanin distingue les communistes “de ceux qui n’aiment pas le travail à LFI”

Gérald Darmanin distingue les communistes “de ceux qui n’aiment pas le travail à LFI”

January 29, 2023
Self-service scooters in Paris: the truth about accidents, parking…

Self-service scooters in Paris: the truth about accidents, parking…

January 28, 2023
  • Contact

© 2021 Copyright - Premium Website for available Jobs in France. MBS .

No Result
View All Result
  • Home
  • Jobs Available
  • Buying Property
  • Living in France
  • EU rules to work
  • Working in France

© 2021 Copyright - Premium Website for available Jobs in France. MBS .