CMA CGM closer to giant acquisition of Bolloré

CMA CGM is now well on its way to making the acquisition of the logistics company Bolloré Logistics, which will make the French competitor to AP Møller - Maersk the world's fifth largest logistics company with a turnover in the area of ​​DKK 24 billion. dollar.

The purchase of Bolloré, which is still awaiting a number of approvals, will add 14,000 employees to CMA CGM and expand storage capacity by 900,000 square meters spread over 115 locations, CMA CGM writes in a press release on Monday.

The acquisition will underline the fact that CMA CGM is moving in the same strategic direction as Danish Maersk, which is also firmly committed to expanding its logistics arm.

And here Maersk, with a turnover in the logistics business in 2022 of just over DKK 14bn. dollar lag behind the French competitor if the deal becomes a reality.

According to Bloomberg News, CMA CGM has offered Bolloré Group 5 billion. euros for Bolloré Logistics, which, according to the news service, has now been accepted by the owner.