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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.

Photo: MSC - PR

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.

According to a statement from the French transport and media conglomerate Bolloré Group, MSC has bid for the French group’s extensive logistic activities in Africa.

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