Yacktman Fund Comments on Bollore

Guru stock highlight

Jun 08, 2022

Summary

A top detractor.

While Bolloré’s (XPAR:BOL, Financial) shares detracted during the quarter, the company entered into an agreement to sell its African logistics business to MSC Group for €5.7 billion. If the transaction closes, Bolloré offers a cash-rich balance sheet and a much simpler story for investors. We think this combination could result in significant share price appreciation over time.

From the Yacktman Fund (Trades, Portfolio)'s first-quarter 2022 commentary.

Disclosures

I/we have no positions in any stocks mentioned, and have no plans to buy any new positions in the stocks mentioned within the next 72 hours. Click for the complete disclosure

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