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

Justin Gress Appointed as Chief Operating Officer at HDI Global US

Justin Gress Appointed as Chief Operating Officer at HDI Global US

AD Ports to Advance Bunkering, Alternative Marine Fuels at Khalifa Port with IRH Global Trading

AD Ports to Advance Bunkering, Alternative Marine Fuels at Khalifa Port with IRH Global Trading

Is Hormuz Half-Open or Half-Closed? Tanker Rates on the Mend

Is Hormuz Half-Open or Half-Closed? Tanker Rates on the Mend

Asyad, CMA CGM Partner on $400M Logistics Terminal in Oman

Asyad, CMA CGM Partner on $400M Logistics Terminal in Oman

Subscribe for Maritime Logistics Professional E‑News

Japan's Takaichi wants deeper India-Japan ties in trade and security
Images from Estonia show machine guns on Russian LNG carriers in Baltic
Romania detonates Russian fragments of drones near the Ukraine border