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Announced

21 Invest France in exclusive negotiations to acquire LV Overseas

Synopsis

21 Invest France enters into exclusive negotiations to acquire LV Overseas, freight forwarding specialist. Financial terms were not disclosed. 21 Invest France will rely on the recognized know-how of the longstanding management team to reinforce the Group’s leading position in the French West Indies and Guyana, accelerate its growth in the Reunion Island and optimize synergies with recently acquired companies, especially in the Middle East. LV Overseas also aims to expand its geographic coverage and service offering through organic and external growth. Several acquisitions with strong synergies have already been identified. ̏After a successful first step achieved with Azulis, Balguerie and BNP Développement, I am very happy to be associated with 21 Invest for the years to come. We are looking forward to relying on the expertise of our new partner to implement our numerous expansion and market consolidation projects.” Philippe Massot, Chairman of LV Overseas.

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