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

Panama Canal Unveils Decade Roadmap of Transformation

Nissen Kaiun Becomes Stakeholder in Econowind

Kabal Wins Contract with Phu Quoc Petroleum Operating Company to Optimize Offshore Logistics in Vietnam

Current News

Panama Canal Unveils Decade Roadmap of Transformation

Nissen Kaiun Becomes Stakeholder in Econowind

China's Hold on Global Ports focus of Trump Administration

DP World Introduces New Quay Crane and Electric RTG Cranes at Mundra Terminal

Subscribe for Maritime Logistics Professional E‑News