Søren Toft and MSC enter the logistics battle with a bid for African business

The world’s second-largest container line MSC is signaling a market change of strategy by offering USD 6.4 billion for French Bolloré Group’s logistics business. With this move, MSC is seeking to expand within logistics in line with its competitors CMA CGM and Maersk.

by DAG HOLMSTAD

Swiss-Italian MSC, with the former Maersk executive Søren Toft as its CEO, is now throwing itself into the ring with its rivals for the container market by acquiring logistics activities.

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CMA CGM acquires US logistics company with a value of three billion dollar
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Media report: CMA CGM and Maersk exploring possibilities of acquiring logistics company
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