French conglomerate Bolloré Group has announced the signing of a share purchase agreement to sell 100% of Bolloré Logistics to the CMA CGM Group, a French shipping and logistics company, for €4.65 billion.

This agreement comes after the completion of information and consultation procedures with relevant staff representative bodies and the exercise of the put option received on 8 May 2023.

However, the completion of the sale is still subject to obtaining antitrust and foreign investment clearances in the relevant jurisdictions.
In addition, the Bolloré Group has confirmed the implementation of a contingent earn-out mechanism of €0.25 for each Bolloré SE share tendered to the simplified cash tender offer of Bolloré SE on its own shares. This offer closed on 30 May 2023. The contingent earn-out will be paid if the sale of Bolloré Logistics is completed according to the agreed terms.

Bolloré Logistics, a prominent global player in transport organization and logistics, operates as one of the top 10 groups worldwide in the industry. With a wide-ranging presence across five continents, encompassing 358 agencies in 63 countries and employing 15,000 individuals, Bolloré Logistics effectively caters to the needs of importers and exporters.

The company excels in five key service areas, namely multimodal transportation, customs and statutory compliance, logistics, global supply chain management, and industrial projects.

  Bolloré Group, Bolloré Logistics, CMA CGM Group, France, logistics