Bolloré closed another upbeat quarter, posting impressive revenue growth of 16% lfl yoy in Q3. Again this quarter, Transport & Logistics and Oil Logistics were the main growth drivers, benefiting from higher freight rates and the sharp rise in oil prices. But as the acquisition of the Bolloré Africa Logistics division by MSC looms, oil prices might revert back, and since Vivendi did not perform so well this quarter, questions are being raised about the sustainability of Bolloré’s growth.