Latest news from Heavy Lift & Project Forwarding International Magazine

CMA nears 90 percent stake in Ceva

France-headquartered container shipping line CMA CGM is on course to control 89.47 percent of the shares in Swiss freight forwarder Ceva Logistics following a public tender.

Photo credit: CMA CGM

Ceva said that a CHF30 (USD30) per share public tender offer by CMA CGM is likely to go through; the offer from CMA CGM was agreed in October after a takeover bid from Denmark’s DSV was rejected.

The deal would clear the way for a squeeze out of Ceva’s remaining shareholders and a delisting from Switzerland’s stock exchange. This could be completed by the third quarter of 2019.

www.cma-cgm.com

www.cevalogistics.com

Heavy Lift | News

DSV completes Panalpina acquisition thumbnail image

DSV completes Panalpina acquisition

August 19 - DSV has completed the acquisition of Swiss freight forwarder Panalpina, creating one of the world’s largest transport and logistics companies.
Views: 713
Panalpina approves DSV’s board nominations thumbnail image

Panalpina approves DSV’s board nominations

August 6 - Panalpina has approved the appointment of Kurt K. Larsen, Thomas Plenborg, Jens Bjørn Andersen and Jens H. Lund to its board of directors at its extraordinary general meeting.
Views: 2012
Boskalis completes sale of Kotug Smit thumbnail image

Boskalis completes sale of Kotug Smit

August 2 - Royal Boskalis Westminster, together with its co-shareholder Kotug International, completed the sale of Kotug Smit Towage to Boluda Group.
Views: 1799

Heavy Lift Across The World

Discover heavy lift and project logistics industry news from around the world by region.