SAS Shipping Agencies Services SÀRL made an offer to acquire Bollore Africa Logistics from Bolloré SE (ENXTPA:BOL) for €5.7 billion on December 20, 2021. As of March 31, 2022, SAS Shipping Agencies Services SÀRL has entered into a share purchase agreement with Bolloré SE relating to the acquisition of 100% of Bolloré Africa Logistics. The consideration comprises of a €5.1 billion cash price for share and cash €600 million paid for shareholder's debt. The offer price is based on the basis of an enterprise value, net of minority interests. Bolloré Africa Logistics Group as an autonomous entity with its portfolio of diversified partners, under a new brand to be unveiled in 2023. Bolloré Africa Logistics team will join MSC and Philippe Labonne will as President. The Bolloré Group has granted the MSC Group an exclusivity until March 31, 2022 to enable the MSC Group, further to an additional due diligence phase and contractual negotiations, to submit a put option. The transaction is subject to the approval of regulatory and competition authorities, as well as of certain counterparties of Bolloré Africa Logistics. As on July 15, 2022, the transaction is approved by competition authorities. As of December 1, 2022, the deal has been approved by the regulatory and competition authority. As of March 31, 2022, the deal is expected to be completed by the end of the first quarter of 2023.

Hugues Favard and Clara Beuth of Gide Loyrette Nouel A.A.R.P.I. acted as legal advisor to SAS Shipping Agencies. Alexandre Ancel, Amine Bourabiat, Olivier Thebault, Frédéric Moreau, Driss Bererhi, Claire Toumieux, Guillaume Valois, Charles Del Valle, Romaric Lazerges, Luc Lamblin, Hippolyte Marquetty and Laurie-Anne Ancenys of Allen & Overy France acted as legal advisor, Dominique Bompoint and Louis-François Guéret of Bompoint Avocats acted as legal advisor and Olivier de Juvigny and Thomas Bardusco of Peltier Juvigny Marpeau & Associés acted as legal advisor to Bolloré. M'hammed Loudiyi, Christophe Bringer, Boris Gueudin, Romain Adès, Cyril Darcq, Hassan Seffar, Ihsane El Ouahmani, Hollman Rodriguez, Ophélie Phan, Guillaume Riche, Ihssane Sounni and Clotilde Pamart of KPMG Transaction Services acted as financial advisors to SAS Shipping Agencies. Vincent Lacombe, Delphine Gilles, Anne-Laure Benoist, Thomas Chardenal, Nadege Thomas, Francois Le Metayer, Melissa Mairot of KPMG Avocats acted as legal advisors to SAS Shipping Agencies in the transaction.

SAS Shipping Agencies Services SÀRL completed the acquisition of Bollore Africa Logistics SAS from Bolloré SE (ENXTPA:BOL) on December 21, 2022. As of March 30, 2023, Bollore Africa Logistics has changed its name to Africa Global Logistics (AGL).