Bollore completes sale of ports in Africa

The French billionaire Vincent Bollore's holding company says it has finalised the sale of its African ports and logistics business for 5.7 billion Euros. It comes amid increasing competition in Africa from China, and costly investments required at many facilities. The Italian-French shipping giant MSC, which runs a fleet of 560 vessels worldwide, buying the assets. France 24's Emerald Maxwell and Antoine Fenaux explain.

Bollore completes sale of ports in Africa
The French billionaire Vincent Bollore's holding company says it has finalised the sale of its African ports and logistics business for 5.7 billion Euros. It comes amid increasing competition in Africa from China, and costly investments required at many facilities. The Italian-French shipping giant MSC, which runs a fleet of 560 vessels worldwide, buying the assets. France 24's Emerald Maxwell and Antoine Fenaux explain.

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