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CMA CGM ups CEVA stake 

CMA CGM has increased its stake in CEVA Logistics to 33 percent.

CMA CGM’s purchase of more shares follows DSV’s confirmation that its recent offer to takeover CEVA Logistics was rejected by the CEVA board, as HLPFI reported here

HLPFI readers may recall that CMA CGM acquired its initial stake in CEVA Logistics as part of the planned flotation of the CEVA business earlier this year. 

Since then, CMA CGM’s duty to not increase its holding above 24.99 percent of the share capital before November 5, 2018 has been amended so that CMA CGM can increase its holding to up to one third of the voting rights. 

www.cevalogistics.com

www.cma-cgm.com

Heavy Lift | News

Cargolux calls at Incheon thumbnail image

Cargolux calls at Incheon

July 17 - Cargolux Italia has launched a Boeing 747 service between Milan Malpensa Airport, Italy and Incheon, South Korea.
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Express discharge at the port of Tyne thumbnail image

Express discharge at the port of Tyne

July 17 - Höegh Autoliners has transported five Hitachi TransPennine Express train carriages from Kobe, Japan to the port of Tyne in the UK. 
Views: 342

Heavy Lift Across The World

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