CMA CGM Ups Its Stake in Ceva Logistics

Wednesday, October 17, 2018

French shipping group CMA CGM has obtained a further 4.56 percent stake in CEVA Logistics AG , the Swiss transport group which rejected a bid from Denmark's DSV, Ceva said on Wednesday.

"The company has further been informed that CMA CGM entered into a derivative transaction related to the shares of the company with cash settlement (Total Return Swap) giving CMA CGM an additional economic exposure of 4.56 percent in CEVA Logistics' share capital," Ceva said in a statement.


(Reporting by Sudip Kar-Gupta)

Categories: Logistics Container Ships Containerships Intermodal People & Company News

Related Stories

Port of Virginia Advances Capacity with Addition of ULCV Berth

US Approves License for Texas Deepwater Oil Export Port

BV's Gregg-Smith Tapped to Head IACS

Current News

Port of Virginia Advances Capacity with Addition of ULCV Berth

American Great Lakes Ports Launch Study to Expand Cargo Shipments

US Approves License for Texas Deepwater Oil Export Port

Zelim Appoints Mike Collier as Sales Director

Subscribe for Maritime Logistics Professional E‑News