- The Bolloré Group and the CMA CGM Group announced the completion of the sale of Bolloré Logistics.
- Saadé welcomes the 14,000 employees joining the group.
- . It transported 710,000 TEUs of ocean freight, and 390,000 tons of air freight, and maintained a storage capacity.
The Bolloré Group and the CMA CGM Group announced the completion of the sale of 100% of Bolloré Logistics to CMA CGM, except Bolloré Logistics Sweden AB pending foreign investment clearance in Sweden. The purchase price stands at 4.850 billion euros, based on estimated debt and cash on the completion date, reports CMA CGM.
Company Overview
Bolloré Logistics, a leading transport and logistics company in France, boasted a 2022 turnover of 7.1 billion euros. It transported 710,000 TEUs of ocean freight, and 390,000 tons of air freight, and maintained a storage capacity of 900,000 m2.
Significance of Acquisition
This marks CMA CGM’s largest acquisition since its inception in 1978 and signifies a significant milestone in its logistics development strategy, complementing its core maritime transport business.
Statements from Leadership
Rodolphe Saadé, CEO and Chairman of the CMA CGM Group expresses gratitude to the Bolloré Group for the constructive dialogue leading to the successful acquisition. He highlights the consolidation of CEVA and Bolloré Logistics within the CMA CGM Group, positioning it as the world’s fifth-largest player in the sector. Saadé welcomes the 14,000 employees joining the group and anticipates accelerated development.
Cyrille Bolloré, CEO and Chairman of the Bolloré Group emphasizes the commencement of a new chapter for Bolloré Logistics’ employees, expressing satisfaction with their integration into the CMA CGM Group. He acknowledges their unique expertise and the opportunities this acquisition presents for customers worldwide, thanking them for their trust and loyalty.
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Source: CMA CGM
