Business, Forwarding, Freight News, Logistics

CMA CGM set to sell island interests to Balguerie

[ April 18, 2024   //   Chris Lewis ]

CMA CGM has initiated the sale of Bolloré Logistics’ activities in Guadeloupe, Martinique, Saint-Martin, French Guiana, and Polynesia, In line with the commitments made to the European Commission and the Polynesian Competition Authority for its takeover of the French-owned forwarding company. CMA CGM Group has received a put option from the Balguerie Group with whom it has signed an exclusivity agreement for the sale of these activities.

Bolloré Logistics’ activities in La Reunion and Nouvelle Calédonie are not affected by the sale and will therefore remain within the scope of the CMA CGM Group.