CEVA Logistics is expected to apply for a delisting from Switzerland’s stock exchange, following CMA CGM completing the acquisition of 89.47% shares in the Swiss freight forwarder.

Lars Kastrup is the new ceo of APL taking over from Nicholas Sartini who move to be deputy ceo of CMA CGM’s logistics foray CEVA Logistics.

CMA CGM and its 33% owned CEVA Logistics have widened their cooperation by entering into a reinforced industrial project.

French container line CMA CGM has increased its stake in Swiss-headquartered CEVA Logistics after the latter rejected a takeover offer last week.

CMA CGM is considering increasing its shareholding in CEVA Logistics as the Swiss-headquartered company rejects an unsolicited takeover offer.

Ton van den Bosch, global head of ports & terminals at Ince & Co, highlights the emerging trends in the logistics, intermodal and supply chain sectors and suggests that further consolidation and integration can be expected.

Leading container line CMA CGM will grow its presence in the logistics sector with the acquisition of a nearly 25% stake in CEVA Logistics for between CHF380m ($391m) to CHF450m.