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MSC Group completes Sh750bn purchase of Bollore Africa operations
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
French logistics group Bollore announced on Wednesday it had completed the sale of its Bollore Africa Logistics arm to global shipping company MSC Group for Sh750.3 billion ($6.1 billion).
Bollore is owned by the family of billionaire Vincent Bollore. The company is one of Africa's largest transport and logistics firms and operates in Kenya.
