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15 November 2018 The on-line newspaper devoted to the world of transports 22:44 GMT+1



October 17, 2018

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CMA CGM controls 37.6% of CEVA Logistics

Ulterior purchase of actions carried out in recent days

Today the logistic group CEVA, whose board of directors has rejected in recent days an offer for the acquisition of the company of the value of about 1,3 billion euros(of 11 October 2018), it has announced that the French shipowning group CMA CGM has increased own quota property of the capital of CEVA, increment of the participation that was preannounced in occasion of the refusal of the proposal of takeover.

In recent days CMA CGM has bought ulterior actions of CEVA elevating own quota to 33% of the capital regarding 24.99% stopped previously. Moreover the logistic group has specified that the French shipowning society has agreed an operation on financial instruments derivative of type total return relative swap to actions of the CEVA that guarantees to CMA CGM ulterior a 4.56% of the capital stock of CEVA Logistics.



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