{"id":28579,"date":"2021-12-21T12:42:03","date_gmt":"2021-12-21T09:42:03","guid":{"rendered":"https:\/\/www.al-sindbad.net\/msc-makes-6-4bn-bid-for-bollores-african-logistics-business\/28579\/"},"modified":"2021-12-21T12:42:03","modified_gmt":"2021-12-21T09:42:03","slug":"msc-makes-6-4bn-bid-for-bollores-african-logistics-business","status":"publish","type":"post","link":"https:\/\/www.al-sindbad.net\/msc-makes-6-4bn-bid-for-bollores-african-logistics-business\/28579\/","title":{"rendered":"MSC makes $6.4bn bid for Bollor\u00e9\u2019s African logistics business"},"content":{"rendered":"<p><\/p>\n<div class=\"entry-content entry clearfix\">\n<div class=\"mailmunch-forms-before-post\" style=\"display: none !important;\"><\/div>\n<p>Mediterranean Shipping Co (MSC) has made a $6.4bn bid to buy out Bollor\u00e9 Group\u2019s African logistics business, a notable departure for the Swiss container line that has tended to grow organically in its 51-year existence.\u00a0<\/p>\n<p>Cash rich MSC has tabled a bid to take over Bollor\u00e9\u2019s port, rail and logistics entities in Africa as well as port concessions in India, East Timor and Haiti. Bollor\u00e9 Logistics in the rest of the world and Bollor\u00e9 Energy are not part of the proposed deal.\u00a0<\/p>\n<p>Bollor\u00e9 said it is studying the offer, with an end-March date put as the time for the deal to be concluded.\u00a0<\/p>\n<div class=\"mailmunch-forms-in-post-middle\" style=\"display: none !important;\"><\/div>\n<p>French billionaire Vincent Bollore had earlier announced he intends to retire early next year.\u00a0<\/p>\n<p>Last month MSC\u2019s 2M partner Maersk formed a joint venture with South Africa\u2019s Grindrod with many logistics players looking at the African continent as a source of strong growth this decade.\u00a0<\/p>\n<div class=\"mailmunch-forms-after-post\" style=\"display: none !important;\"><\/div>\n<div class=\"stream-item stream-item-below-post-content\">\n<div id=\"div-gpt-ad-1_95_0_1_2\"> <script>googletag.cmd.push(function() { googletag.display('div-gpt-ad-1_95_0_1_2'); });<\/script> <\/div>\n<\/div>\n<div class=\"post-bottom-meta post-bottom-tags post-tags-modern\">\n<div class=\"post-bottom-meta-title\">\n<span class=\"tie-icon-tags\" aria-hidden=\"true\"><\/span> Tags<\/div>\n<p><span class=\"tagcloud\"><a href=\"https:\/\/splash247.com\/tag\/msc\/\" rel=\"tag\">MSC<\/a><\/span>\n<\/div>\n<\/div>\n<p>splash247<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mediterranean Shipping Co (MSC) has made a $6.4bn bid to buy out Bollor\u00e9 Group\u2019s African logistics business, a notable departure for the Swiss container line that has tended to grow organically in its 51-year existence.\u00a0 Cash rich MSC has tabled a bid to take over Bollor\u00e9\u2019s port, rail and logistics entities in Africa as well &hellip;<\/p>\n","protected":false},"author":1,"featured_media":26784,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[59],"tags":[],"class_list":["post-28579","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-port-news"],"_links":{"self":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/28579","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/comments?post=28579"}],"version-history":[{"count":0,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/posts\/28579\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media\/26784"}],"wp:attachment":[{"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/media?parent=28579"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/categories?post=28579"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.al-sindbad.net\/rest\/wp\/v2\/tags?post=28579"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}