Business, Forwarding, Freight News, Logistics

CMA poised to take over CEVA

[ March 20, 2019   //   ]

CMA CGM is set to hold almost 90% of shares in logistics operator Ceva following the public tender offer on 28 January. Final settlement is expected to on 16 April. CEVA’s board is to recommend remaining shareholders to tender their shares during the upcoming additional offer period, which is due to close on 2 April. It will also propose that CMA CGM chairman and chief executive Rodolphe Saadé be elected as CEVA chairman oat the AGM on 29 April.