CMA CGM lines up offer to fully acquire CEVA Logistics
By Jeff Berman, Group News Editor · October 25, 2018
Roughly five months after Marseille, France-based global container shipping company CMA CGM said it reached an agreement to acquire a roughly 25% equity stake in CEVA Logistics, a global third-party logistics (3PL) services provider based in Hoofddorp, the Netherlands, CMA GGM this week stated its desire to acquire all of CEVA.
CMA CGM, who owns 33% of CEVA, said in a statement issued today that the “solicitation and offer to buy CEVA securities will only be made pursuant to an offer to purchase and related materials.”
Should CMA GGM successfully acquire all of CEVA, the company said that transaction would provide myriad benefits for CEVA to “accelerate its transformation” in various ways, including: