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

Green Shipping Service Launched in Singapore

Green Shipping Service Launched in Singapore

Tuapse Port Fire Extinguished Days After Ukrainian Drone Attack

Tuapse Port Fire Extinguished Days After Ukrainian Drone Attack

Port of Antwerp-Bruges Reports Weak Start to the Year

Port of Antwerp-Bruges Reports Weak Start to the Year

Hydrogen Fuel Cell Harbor Craft Pilot Study Launched in Singapore

Hydrogen Fuel Cell Harbor Craft Pilot Study Launched in Singapore

Subscribe for Maritime Logistics Professional E‑News

Source: Six Swiss International passengers injured in India after flight aborts.
Paytm's India falls over 8% as RBI cancels its banking licence for the payments bank
New York Sues US over cancellation of $73.5 Million in highway funding