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

Call for Australian Government to Take Up Sustainable Seafarer Welfare

Call for Australian Government to Take Up Sustainable Seafarer Welfare

Partners Study Year-Round Shipping from Canada’s Churchill Port

Partners Study Year-Round Shipping from Canada’s Churchill Port

Indigenous Protesters Occupy Cargill's Santarem Port Terminal

Indigenous Protesters Occupy Cargill's Santarem Port Terminal

Xeneta: Weekly Ocean Container Shipping Market Update

Xeneta: Weekly Ocean Container Shipping Market Update

Subscribe for Maritime Logistics Professional E‑News

US official will tell Congress that closing El Paso Airport was not an error.
Trucks form 39-km line to deliver soybeans to Brazil's Miritituba river terminals
Airbus CEO: We can develop a fighter plane alone. FCAS dispute intensifies