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

Dajin Signs Up Polish Shipyard for Nordseecluster B Foundation Kits

Dajin Signs Up Polish Shipyard for Nordseecluster B Foundation Kits

CK Hutchison Concessions Annulled for Two Ports Along the Panama Canal

CK Hutchison Concessions Annulled for Two Ports Along the Panama Canal

US Diesel Exports Hit High as Europe Strengthens Sanctions Against Russian Oil

US Diesel Exports Hit High as Europe Strengthens Sanctions Against Russian Oil

Organizations Release Joint Support Statement on Maritime Labour Convention 20th Anniversary

Organizations Release Joint Support Statement on Maritime Labour Convention 20th Anniversary

Subscribe for Maritime Logistics Professional E‑News

US official will tell Congress that closing El Paso Airport was not an error.
Trump will travel to China in the next month to discuss US tariffs
Uganda plans to connect a new railway line with Tanzania to open a new export route