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15 November 2018 The on-line newspaper devoted to the world of transports 22:31 GMT+1



October 26, 2018

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CMA CGM will buy CEVA Logistics through a fusion agreement

The logistic company will continue to being quoted at the market stock exchange SIX Swiss Exchange

The French shipowning group CMA CGM, than recently has acquired a quota consisting of the share capital of the CEVA Logistics of which currently it stops 37.56% of the total(on 17 October 2018), it has tightened an understanding in order to acquire the logistic group through a fusion agreement based on which CEVA Logistics will acquire the services of logistics of the goods of CMA CGM while this last one will offer in alternative to the other shareholders of the logistic group that preferissero to yield their actions in the short term to buy their Swiss shares at the price of 30,0 franchi for each action through an offer that will be formalized within next 30 November. The understanding is approved of unanimously by the board of directors of CEVA.

The agreement previews that CEVA acquires the activities of logistics of the goods of the shipowning group to a price to agree itself between the parts and to correspond cash or in actions or, in lack of an agreement, on the base of a price defined from an independent appraisal.

The understanding previews moreover by CMA CGM the engagement to guarantee that CEVA continuous to being quoted at the market stock exchange SIX Swiss Exchange and that it has an floating quota meaningful.

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