News Snippets

CMA CGM successfully completes its public tender offer to acquire CEVA Logistics

Following the close of the public tender offer launched on 12 February 2019, the CMA CGM Group announced that it will hold 97.89 per cent of the outstanding shares and voting rights of CEVA upon settlement of the tendered CEVA shares, scheduled for 16 April 2019. As announced, CMA CGM plans to delist CEVA from the Zurich Stock Exchange.

Merging CEVA’s operations into the CMA CGM Group will strengthen its position as a worldwide leader in maritime transport and logistics. Present in 160 countries, the Group will be 110,000 people strong with more than $30bn in revenue.

The CMA CGM Group will now be able to meet the logistics needs of its customers around the world with a comprehensive range of solutions across the supply chain, including LCL, airfreight, purchase order management, contract logistics or customs clearance.

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