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French shipping group CMA CGM has offered to buy the logistics business of billionaire Vincent Bolloré in a deal that would value it at €5bn, as it extends an acquisition spree after making outsized profits during the height of the pandemic.
The two groups said on Tuesday that they would now hold exclusive negotiations, while Bolloré Group added that it had given CMA CGM a deadline of May 8 to finalise its offer.
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