Nairobi, Dec. 21 -- French logistics group Bollore announced on Wednesday it had completed the sale of its Bollore Africa Logistics arm to global shipping company MSC Group for Sh750.3 billion ($6.1 billion).

Bollore is owned by the family of billionaire Vincent Bollore. The company is one of Africa's largest transport and logistics firms and operates in Kenya.

Under the share purchase agreement, MSC Group has acquired a 100 per cent stake in the French conglomerate's African operations as well as some of its terminal operations in India, Timor-Leste and Haiti.

"After having obtained the regulatory and competition approvals that conditioned the completion of the operation, the Bollore Group announced on December 21st 2022, the sale of ...