French group Bollore considering selling African logistics divisions -Le Monde

[October 15, 2021]  PARIS (Reuters) -French conglomerate Bollore, owned by billionaire Vincent Bollore's family, is considering selling its African logistics divisions, French daily Le Monde reported on Friday.

Investment bank Morgan Stanley has been hired to gauge the interest of potential buyers, Le Monde reported, citing unidentified sources.

Bollore and Morgan Stanley declined to comment.

Le Monde said that French shipping company CMA CGM and Danish group Maersk are looking at the assets.

The daily also said that Bollore's African logistics activities could be valued between 2 billion euros ($2.3 billion) and 3 billion euros.

Shares in Bollore were up 2.66% at 0916 GMT.

($1 = 0.8610 euros)

(Reporting by Mathieu Rosemain and Gwenaelle BarzicWriting by Matthieu Protard Editing by Jason Neely and Mark Potter)

[© 2021 Thomson Reuters. All rights reserved.]

Copyright 2021 Reuters. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.  Thompson Reuters is solely responsible for this content.