Bolloré: Oddo still a buyer
(CercleFinance.com) - According to Le Nouvel Obs, Bolloré is considering a sale of its businesses in Africa.
The article indicates that the scope could concern all African activities - not just port activities, according to Oddo analysts this morning.
This information comes as a surprise and has never been mentioned by the management until now. It would however be logical given the increasing capital requirements for this business. If such a sale were to take place, Bolloré Transport & Logistique would then be refocused solely on its freight forwarding business. Initially, a valuation of 5.4 billion euros would be possible, Oddo says.
The analyst reiterates his Outperform rating on the stock with a target price of 6.30 euros.
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The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.
The article indicates that the scope could concern all African activities - not just port activities, according to Oddo analysts this morning.
This information comes as a surprise and has never been mentioned by the management until now. It would however be logical given the increasing capital requirements for this business. If such a sale were to take place, Bolloré Transport & Logistique would then be refocused solely on its freight forwarding business. Initially, a valuation of 5.4 billion euros would be possible, Oddo says.
The analyst reiterates his Outperform rating on the stock with a target price of 6.30 euros.
Copyright (c) 2021 CercleFinance.com. All rights reserved.
The information and analyses distributed by Cercle Finance are only intended as decision-making support for investors. Cercle Finance's responsibility may not be entailed, either directly or indirectly following the use of such information and analyses by readers. Any non-professional investor is recommended to consult a professional advisor before making any investment decision. This indicative information in no way constitutes any invitation to sell or buy securities.