CMA CGM Finalizes Tender for CEVA Logistics

CMA CGM MARCO POLO

CMA CGM has completed its public tender offer to acquire CEVA Logistics.

Following the close of the offer launched in mid-February, the shipping company would hold 97.89% of the outstanding shares and voting rights of CEVA upon settlement of the tendered CEVA shares, scheduled for April 16, 2019.

CMA CGM, which plans to delist CEVA from the Zurich Stock Exchange, said that the merger would strengthen its position as a worldwide leader in maritime transport and logistics.

The implementation of CEVA’s new strategic plan, prepared jointly with CMA CGM, and the close cooperation between the teams of the two companies are going to drive an improvement in CEVA’s financial performance, the French company said.

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