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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

EU recognises Scheuerle and Kamag thumbnail image

EU recognises Scheuerle and Kamag

April 23 - The EU Commissioner for budget and human resources, Günther Oettinger, congratulated TII Group for a combined 200 years of innovation and competence at its subsidiaries, Scheuerle and Kamag.
Views: 130
Ceva launches BRI block train thumbnail image

Ceva launches BRI block train

April 22 - Ceva Logistics North Asia has launched a block train service from China to Europe as the company looks to tap into the potential of the Belt and Road Initiative (BRI).
Views: 286
Penman joins Malin React thumbnail image

Penman joins Malin React

April 22 - Malin Group has named Graham Penman as business unit manager of its recently launched Malin React division.
Views: 1998

Heavy Lift Across The World

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