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

PD Ports Expands Operations with Third Electric Liebherr LPS 550

PD Ports Expands Operations with Third Electric Liebherr LPS 550

VADM (Ret) White Named Keynote Speaker for MRS ‘26

VADM (Ret) White Named Keynote Speaker for MRS ‘26

India's Adani Ports Pumps $1.36B in Expansion

India's Adani Ports Pumps $1.36B in Expansion

Jensen Tapped as CEO for Gatehouse Maritime

Jensen Tapped as CEO for Gatehouse Maritime

Subscribe for Maritime Logistics Professional E‑News

Nigeria and Morocco aim to reach a deal by 2026 for the advancement of Atlantic gas pipeline
President Trump's schedule
Official Iranian says that the oil spill in Gulf is likely due to tanker dump.