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Bollore signs Sh724.8 billion deal to sell Africa operations to MSC

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Bollore Transport and Logistics management with journalists at the Port of Mombasa during the flagging off of a full freight Standard Gauge Railway (SGR) train to Nairobi Container Terminal at Embakasi on March 29, 2018. PHOTO | KEVIN ODIT | NMG

By  ADONIJAH NDEGE

French logistics group Bollore has agreed to sell its African operations to container shipping company MSC for Sh724.8 billion ($6.3 billion), the firm announced in a statement Thursday. 

Bollore on Thursday said in a statement that the deal, which is awaiting regulatory approval, is expected to be completed at the end of the first quarter of 2023.

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