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

Harwich Haven Authority Named a Finalist for Clean and Green Awards

Harwich Haven Authority Named a Finalist for Clean and Green Awards

Cargill's Brazil Port Terminal Resumes Operations After Protests

Cargill's Brazil Port Terminal Resumes Operations After Protests

Russia Aims to Maintain Urals Oil Exports to China

Russia Aims to Maintain Urals Oil Exports to China

Hanwha, Greek ΟΝΕΧ Shipyards Expand US Activities

Hanwha, Greek ΟΝΕΧ Shipyards Expand US Activities

Subscribe for Maritime Logistics Professional E‑News

Sweden's grid operator will invest $7.7 billion in 2027-2029
Russia aims to increase exports of Urals grade to China
Traders say that Russia is looking to increase Urals oil exports from China in response to Indian cuts.