BOLLORÉ : SIGNING OF THE SHARE PURCHASE AGREEMENT FOR THE SALE OF BOLLORÉ LOGISTICS TO CMA CGM. FINAL COMPLETION OF THE SALE TO OCCUR AFTER OBTAINING CLEARANCES FROM COMPETENT AUTHORITIES
11 Julio 2023 - 11:48AM
BOLLORÉ : SIGNING OF THE SHARE PURCHASE AGREEMENT FOR THE SALE OF
BOLLORÉ LOGISTICS TO CMA CGM. FINAL COMPLETION OF THE SALE TO OCCUR
AFTER OBTAINING CLEARANCES FROM COMPETENT AUTHORITIES
BOLLORÉPRESS RELEASE
July 11,
2023
SIGNING OF THE SHARE PURCHASE AGREEMENT
FOR THE SALE OF BOLLORÉ LOGISTICS TO CMA CGM
FINAL COMPLETION OF THE SALE TO OCCUR
AFTER OBTAINING CLEARANCES FROM COMPETENT AUTHORITIES
The Bolloré Group announces that it has signed
on this day the share purchase agreement to sell 100% of Bolloré
Logistics to the CMA CGM Group.
The Bolloré Group’s signing of this agreement
follows completion of the information and consultation procedures
with the relevant staff representative bodies and the exercise by
the Bolloré Group of the put option received on 8 May 2023.
As indicated in the press release dated 8 May
2023, the purchase price would amount to 4.650 billion euros, prior
to calculating debt and cash on the completion date.
The completion of the sale remains subject to
obtaining antitrust and foreign investment clearances in the
relevant jurisdictions.
The Bolloré Group confirms the implementation of
the 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, closed on 30 May 2023. This contingent earn-out
will be paid if the sale of Bolloré Logistics is completed pursuant
to agreed terms.
- 2023-07-11-Signature contrat de cession de Bolloré Logistics à
CMA CGM UK
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