shippingposition
  • Home
  • News
  • Editorial
    • Vox Pop
  • Maritime safety
  • Oil and Gas
  • Personality
  • Health
No Result
View All Result
shippingposition

Home » CMA CGM Makes Unsolicited Offer for Bolloré Logistics Valued at $5.5B

CMA CGM Makes Unsolicited Offer for Bolloré Logistics Valued at $5.5B

by sam
April 20, 2023
in News

CMA CGM Group and the French multi-national Bolloré Group have begun exclusive talks for CMA CGM to potentially acquire the remaining portions of Bolloré’s logistics operations after the company previously sold its African ports and logistics operations to MSC Group at the end of 2022. Bolloré reported that it has received an unsolicited indicative offer from CMA CGM that tentatively set the enterprise value of the organization at €5 billion (nearly $5.5 billion).

“The negotiations are in line with the CMA CGM Group’s long-term strategy, based on the two pillars of shipping and logistics. The group’s strategy is to offer end-to-end solutions in support of its customer’s supply chain needs,” the shipping company said in a brief statement. While cautioning that an agreement was not guaranteed at this time, CMA CGM said, “If a deal is reached, the acquisition would further strengthen the CMA CGM Group logistics activities.”

Bloomberg News first reported two months ago that they believed CMA CGM was exploring an offer as the next step in the company’s efforts to diversify its shipping operations with the growth of the logistics business. It had been rumored in 2021 that CMA CGM was one of the potential bidders for Bolloré African Logistics losing out to MSC. In addition to launching its CMA CGM air freight operation, in 2022 the company acquired terminals including two terminals in the Port of New York/New Jersey and Fenix Marine Services, which operates a terminal in Los Angeles.

Bolloré according to a report in the Financial Times is considering the sale of the logistics business due to increasing competition from others, primarily the major shipping companies, and the required future investments to grow the business. Maersk has been moving aggressively to acquire and integrate logistics operations as have both MSC and CMA CGM. The report indicates that approximately a third of Bolloré’s revenues came from the logistics operation. Overall 2021’s revenues were nearly €20 billion with €7 billion from Bolloré Logistics.

According to information posted on the company’s website, Bolloré Logistics is one of the 10 leading worldwide groups in transport organization and logistics with operations reaching 111 countries. The global offering is built around a comprehensive and integrated strategy focusing on five service areas, which include multimodal transportation, customs and statutory compliance, logistics, global supply chain, and industrial projects. Customers range from multinational companies to small, independent imports and exporters.

Management of the French conglomerate previously had discussed their strategy to focus on their communications businesses including media and internet providers. The company also has interests in electricity storage and systems. The stock market responded positively to the news of a potential deal with CMA CGM sending Bolloré’s share price up more than five percent in active trading.

The companies said that negotiations are proceeding with a confirmatory due diligence process. Bolloré has given CMA CGM an option with a tentative target date on or about May 8 for an offer. Bolloré said it would also be consulting groups representing the employees and noted that any transaction would be subject to regulatory approvals.

Follow us on Facebook/ twitter


Related Posts

People & Places To Watch In The Maritime Industry In 2025

FRONT PAGE COMMENT: Adewale Adeniyi: Two Years of Steady Hands at the Helm of Nigeria Customs

June 30, 2025
My Government Will Re-Activate Gas Revolution Industrial Park Project – Tinubu

Tinubu Hails Customs CG’s WCO Council Election

June 30, 2025
Shippers’ Council Seeks Quick Resolution Of Legal, Operational Issues At Kaduna Dry Port

FG To Begin Boat Manufacturing, Phase Out Rickety Vessels –Shippers Council

June 30, 2025
Exporters, Stakeholders Warn of Economic Pitfalls Despite Surge in Exports

Nigerian Exporters Reject AfCFTA over Poor Infrastructure, Dollar Dependence, Policy Gaps  

June 30, 2025

Latest News

People & Places To Watch In The Maritime Industry In 2025

FRONT PAGE COMMENT: Adewale Adeniyi: Two Years of Steady Hands at the Helm of Nigeria Customs

June 30, 2025

Despite ₦5.17trn Surplus, Dollar Dominates Nigeria-China Trade As Naira-Yuan Swap Struggles

Tinubu Hails Customs CG’s WCO Council Election

FG To Begin Boat Manufacturing, Phase Out Rickety Vessels –Shippers Council

Nigerian Exporters Reject AfCFTA over Poor Infrastructure, Dollar Dependence, Policy Gaps  

Stakeholders Decry Power Tussle Over Wreck Removal, Demand Transparency from NIMASA on Sea Protection Levies 

LASWA to Introduce 70 Electric-Powered Boats to Enhance Waterway Safety, Targets 100,000 Daily Passengers

For The Sake Of Nigerian Seafarers

INTERVIEW: “Nigeria has a very good chance of winning the IMO Council seat”—Dr. Paul Adalikwu

Mawani Grants SGP Four 20-Year Port Concessions

Ningbo-Zhoushan Container Volumes Hit New Record In H1

IMO Agrees To Start Revision Of Outdated Regulations For Nuclear-Powered Ships

kindly like our Facebook page

Health

Contraceptive Pills Can’t Cause Cervical Cancer – Expert
Health

Contraceptive Pills Can’t Cause Cervical Cancer – Expert

June 30, 2025

Mrs Roseline Akinlabi, Adolescent and Youth Sexual Reproductive Health Desk Officer, Osun Primary Healthcare Board, says contraceptive pills cannot cause...

ONIONS: The Good Old Healing Vegetable

KNOW YOUR BODY PARTS: The Liver The liver is a vital organ located in the right upper abdomen, playing a crucial role in metabolism, detoxification, and digestion. It’s the largest solid organ in the body and is responsible for filtering blood, maintaining blood sugar levels, regulating clotting, and synthesizing essential proteins. The liver also stores energy, removes toxins, and produces bile, which aids in digestion Liver functions: · Metabolism and Detoxification: The liver processes nutrients from the blood, breaks down and balances them, and creates essential substances for the body. It detoxifies harmful substances like drugs and alcohol, converting them into less toxic forms for excretion. The liver plays a role in the metabolism of proteins, carbohydrates, and fats. It stores glycogen (a form of glucose) and vitamins, releasing them when the body needs them. · Digestion: The liver produces bile, which is stored in the gallbladder and released into the small intestine to help digest fats. Bile also helps in the absorption of fat-soluble vitamins. · Blood Regulation: The liver regulates blood sugar levels by storing and releasing glucose. It synthesizes clotting factors, which are essential for blood clotting. It removes old red blood cells and processes bilirubin, a byproduct of red blood cell breakdown. · Other Functions: The liver plays a role in immunity, helping to fight off infections. It produces proteins that are involved in the immune response. The liver also stores iron and other essential minerals. Frequently Asked Questions About The Liver · What are the first signs of a bad liver? The initial signs of liver problems can be vague and subtle, often including fatigue, nausea, and loss of appetite. As the liver’s condition worsens, more specific symptoms may emerge, such as jaundice (yellowing of the skin and eyes), itchy skin, dark urine, and light-colored stools. Abdominal pain, especially in the upper right quadrant, can also indicate liver issues. · Where do you feel liver pain? Liver pain is typically felt in the upper right abdomen, just beneath the rib cage. It can manifest as a dull, throbbing pain, a stabbing sensation, or a general feeling of discomfort in that area. In some cases, liver pain might be felt as an ache in the right shoulder or back. · What does liver pain feel like? How liver pain feels can vary from person to person, depending on the cause. However, most people often develop one or more of the following symptoms: Dull, persistent aches in the upper abdomen A feeling of fullness or bloating Sharp, stabbing pains that come and go Tenderness when the upper abdomen is touched · What is the best way to cleanse your liver? If you haven’t been working out, start indulging in a regular exercise regime to allow the toxins to come out of your body. Yoga, going running, hitting the gym, or a simple sauna session can also prove effective. If you want a natural liver cleanse, sweating is the way to go. · How to know if the liver is swollen? What are the symptoms of an enlarged liver? You likely won’t notice an enlarged liver on your own. In some severe cases, you might notice a feeling of bloating or fullness in your belly or an ache in your upper right abdomen. · What is the best drink to flush your liver? Many citrus fruits, including lemon, can be added to water to help stimulate and flush out the liver. Lemons are high in nutrients like vitamin C and antioxidants

June 16, 2025
ONIONS: The Good Old Healing Vegetable

ONIONS: The Good Old Healing Vegetable

June 16, 2025
Why Prostate Disorder Cases Are Increasing Among Nigerian Men – Experts

Why Prostate Disorder Cases Are Increasing Among Nigerian Men – Experts

June 1, 2025
20m Nigerians Live With Mental Health Issues, Says WHO

20m Nigerians Live With Mental Health Issues, Says WHO

June 1, 2025
Health Facts You Didn’t Know

How Your Habit Affects Fertility

May 19, 2025
Fruits For Raining Season

Fruits For Raining Season

May 19, 2025
See Mental Illness Like Other Treatable Diseases – Says Suicide Survivor

Health Facts You Didn’t Know

May 19, 2025
Alligator Pepper: Benefits, FAQ, Side Effects, & Warning

Alligator Pepper: Benefits, FAQ, Side Effects, & Warning

April 28, 2025
Water And Health: The Relationship That Helps Life

Water And Health: The Relationship That Helps Life

April 28, 2025

© 2021 Shippingposition

Navigate Site

  • Home
  • About Us
  • Contact us
  • Privacy Policy
  • Sitemap
  • Terms

Follow Us

No Result
View All Result
  • News
  • Coast To Coast
  • Oil and Gas
  • Maritime Education
  • The Terminals
  • Maritime safety

© 2021 Shippingposition