marine link image

CMA CGM Ups Its Stake in Ceva Logistics

October 17, 2018

(Photo: Eric Haun)
(Photo: Eric Haun)

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)

Logistics News

Xeneta Weekly Ocean Container Shipping Market Update: February 27, 2026

Xeneta Weekly Ocean Container Shipping Market Update: February 27, 2026

Maersk Reroutes Some Cape of Good Hope Sailings Due to Unforeseen Constraints in the Red Sea

Maersk Reroutes Some Cape of Good Hope Sailings Due to Unforeseen Constraints in the Red Sea

Nigerian Crude Oil Loading Programs Hold Steady for April

Nigerian Crude Oil Loading Programs Hold Steady for April

Harwich Haven Authority Named a Finalist for Clean and Green Awards

Harwich Haven Authority Named a Finalist for Clean and Green Awards

Subscribe for Maritime Logistics Professional E‑News

One person is killed and 40 injured when a tram derails in Milan's central area
Greeks mark the anniversary of fatal 2023 train accident ahead of trial
Berkshire Hathaway profits fall due to lower insurance income and writedown