CMA CGA becomes core shareholder of Ceva Logistics

CMA CGA becomes core shareholder of Ceva Logistics

Reuters reports that French container transportation and shipping company CMA CGA now holds 89.47% share capital and voting rights of Swiss Group Ceva Logistics after a tender offer,

According to provisional results announced at the end of last week 21,475,325 Ceva shares were in the tender offer Advertisement.

CMA CGM’s public tender offer of 30 Swiss francs per share values Ceva at 1.67 billion Swiss francs ($1.66 billion), a price agreed after Ceva rejected a takeover bid in October from Danish freight firm DSV.

An additional acceptance period will start on March 20 and run until April 2. ($1 = 1.0044 Swiss francs)

Relevant Directory Listings

Listing image

Ecom Global Systems

Ecom Global Systems (EGS) are a technology company focused on global ecommerce distribution logistics born out of the dotcom era. EGS are proud to include their eco-friendly returns management webportal ReverseGear, combined with their mobile apps which allow both clients and customers anywhere anytime access. […]

Find out more

Other Directory Listings

News Archive

Advertisement

MER Magazine


The Mail & Express Review (MER) Magazine is our quarterly print publication. Packed with original content and thought-provoking features, MER is a must-read for those who want the inside track on the industry.

 

P&P Poll

Loading

What’s been the most interesting trend of 2019?

Thank you for voting
You have already voted on this poll!
Please select an option!




Pin It on Pinterest

Share This