PR99307

GENEVA, Dec. 22, 2022 /PRNewswire=KYODO JBN/ --

- MSC STATEMENT

MSC Group is pleased to confirm that its wholly owned subsidiary SAS Shipping

Agencies Services has completed the acquisition of Bolloré Africa Logistics.

The transaction was approved by all applicable regulatory authorities.

MSC's acquisition of Bolloré Africa Logistics SAS and its affiliates ("Bolloré

Africa Logistics Group") highlights the long-term commitment of MSC to invest

in African supply chains and infrastructure, supporting the needs of clients of

both businesses.

MSC reiterates that it will operate Bolloré Africa Logistics Group as an

autonomous entity with its portfolio of diversified partners, under a new brand

to be unveiled in 2023. Philippe Labonne will continue his longstanding role at

the helm of the business as President of Bolloré Africa Logistics.

MSC intends to continue enhancing the continent's connectivity with the rest of

the world and enable trade within Africa amid the implementation of the

continental free trade (AfCFTA). Backed by MSC Group's financial strength and

operational expertise, Bolloré Africa Logistics will be able to meet all its

commitments to governments, particularly regarding port concessions.

MSC Group President Diego Aponte said:

"We are delighted to welcome more than 21,000 new colleagues to the MSC family

through our acquisition of Bolloré Africa Logistics. I wish to thank the

Bolloré family, and Cyrille in particular, for having conducted the transaction

in a smooth and efficient way and I congratulate them for having created such a

well-established business.

"The deal will strengthen MSC's longstanding ties with Africa and will

reinforce our commitment to the continent's economic growth, including

investment in the ships, shipyards, container terminals, logistic solutions,

storage facilities, road and rail networks that will support and enhance trade

across the African continent and with the rest of the world. Our strategy

remains rooted in our values and in our long-term vision that protects over

150,000 employees in 155 countries worldwide."

About MSC

MSC Mediterranean Shipping Company, headquartered in Geneva, Switzerland, is a

global leader in transportation and logistics, privately owned and founded in

1970 by Gianluigi Aponte. As one of the world's leading container shipping

lines, MSC has 675 offices across 155 countries worldwide with over 150,000

employees. With access to an integrated network of road, rail and sea transport

resources which stretches across the globe, the company prides itself on

delivering global service with local knowledge. MSC's shipping line sails on

more than 260 trade routes, calling at over 520 ports.

For more information visit www.msc.com.

Logo

- https://mma.prnewswire.com/media/1495491/MSC_Mediterranean_Shipping_Company_Lo

go.jpg

Source: MSC Mediterranean Shipping Company