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BOLLORE GROUP REPORTS 1% RISE IN 2001 REVENUE

BOLLORE GROUP REPORTS 1% RISE IN 2001 REVENUE

   Bollor' Investissement, the French conglomerate that owns the shipping line Delmas, and the forwarding group SDV, reported that its group revenue amounted to 5.12 billion euros ($4.53 billion) last year, up 1 percent on the year 2000.

   Excluding the oil price effect of the group’s energy division, growth reached 5 percent, Bollore said.

   The maritime subsidiary OTAL maintained its revenue last year, the group said.

   The business of the transport subsidiary Saga, active mainly in Africa, grew by 8 percent, due “to healthy activity in Africa,” it added.

   The Bollore group did not provide details on the revenues of Delmas and SDV.