CMA CGM, CEVA Logistics widen strategic partnership

The cooperation aims to create new commercial opportunities within an international network, add value to the commercial complementarities between the two companies’ freight management activities, and support CEVA Logistics’ reorganisation and development strategy.

Rodolphe Saade, ceo of CMA CGM, commented: “This industrial cooperation will make it possible to accelerate its required transformation and make it a more profitable and efficient leader in logistics for the benefit of its clients, its employees and its shareholders. It reconfirms CMA CGM as the reference shareholder as well as its long term partner.”

Swiss-headquartered CEVA Logistics is 33% owned by the French container line, just shy of a 33.3% shareholding under Swiss law that would require CMA CGM to make a mandatory takeover offer.

CMA CGM has reiterated its commitment to maintain CEVA Logistics’ share listing and to have a significant free float.

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