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

Two New Post-Panamax Cranes Arrive at Port Tampa Bay

Two New Post-Panamax Cranes Arrive at Port Tampa Bay

U.S. Appeals Court Backs FMC in Evergreen Dispute

U.S. Appeals Court Backs FMC in Evergreen Dispute

Strait of Hormuz Closure Curbs Dry Bulk Demand

Strait of Hormuz Closure Curbs Dry Bulk Demand

Ukraine Strikes Russia's Tuapse Refinery

Ukraine Strikes Russia's Tuapse Refinery

Subscribe for Maritime Logistics Professional E‑News

Amadeus will buy French biometrics company Idemia for €1.2 billion
Walmart invests $350 Million in a third U.S. dairy processing facility
Old Dominion Trucking Company beats its profit forecasts as pricing improves