May 17, 2018 / 4:17 PM / 5 days ago

Bollore Group says transport, logistics drive first quarter revenues higher

PARIS (Reuters) - Bollore Group, whose billionaire owner Vincent Bollore is under investigation for alleged corruption of officials in Africa, on Thursday reported a 6 percent increase in first quarter revenues to 5.33 billion euros (4.7 billion pounds) at constant exchange rates and perimeter.

FILE PHOTO: Vincent Bollore, Chairman of the Supervisory Board of media group Vivendi, attends the company's shareholders meeting in Paris, France, April 19, 2018. REUTERS/Charles Platiau/File Photo

Bollore Group also said it owed about 24 percent of media giant as of the end of March.

The company said higher revenues were driven by strong growth in its port activities and petroleum logistics.

Reporting by Paris bureau; Editing by Mathieu Rosemain

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