The Bolloré Group has received a put option from the CMA CGM Group to acquire 100% of Bolloré Logistics for an enterprise value of 5 billion euros ($5.5 billion). This undertaking is the result of exclusive negotiations between the Bolloré Group and the CMA CGM Group announced on 18 April 2023.
The Bolloré Group has accepted this put option strictly as an offer. The information and consultation procedures with the relevant staff representative bodies of the Bolloré Group pertaining to this transaction shall now be initiated. The decision as to whether or not to exercise this put option will be taken at the end of these procedures.
CMA CGM Group says the negotiations are in line with its 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.
