marine link image
Register now for the Port of the Future Conference • 2 Days, 50 Ports • Houston/Galveston area, TX • April 12–14, 2027

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

Seaborne Grain Exports from Russia Drop 62% in September

Seaborne Grain Exports from Russia Drop 62% in September

Shipping Through Constanta Port Stabilizes After Black Sea Attacks

Shipping Through Constanta Port Stabilizes After Black Sea Attacks

Next Phase Begins on Tampa Harbor Navigation Improvement Project

Next Phase Begins on Tampa Harbor Navigation Improvement Project

DP World Launches Two New Dedicated Freight Corridors Across India

DP World Launches Two New Dedicated Freight Corridors Across India

Subscribe for Maritime Logistics Professional E‑News

Israel's Netanyahu: Flydubai co-pilot underwent radical Islamist endoctrination
Oil giants rush in to help Italy's Meloni reduce energy costs by introducing fuel price caps
Volkswagen recalls 4 million cars, Handelsblatt reports