Ocean Carriers

CMA CGM Approved for CEVA Investment

CMA CGM Approved for CEVA Investment
Logistics Manager

Following on from our story in April, we can now confirm CMA CGM has received all the approvals for their investment in the CEVA Group.

The French container transportation and shipping company, CMA CGM has been given all regulatory approvals required pertaining to their investment in leading asset-light third-party logistics provider CEVA Logistics. The new investment will result in CMA CGM having a 24.99% stake as a shareholder in CEVA.

CMA CGM has obtained all the necessary regulatory approvals resulting in the securities being converted into registered ordinary shares over the next few days. After the conversion, the third largest container shipping group in the world will hold 24.99% of CEVA’s share capital.

CMA CGM has agreed not to increase their initial shareholding in CEVA for at least six months after the original IPO. The company has also entered into a lock-up agreement for one year following the IPO.

This new investment will allow both companies to work together in expanding their commercial cooperation while developing other complementary services with a focus on meeting the demand for integrated end-to-end solutions.

CEO for CEVA, Xavier Urbain said about the new investment, “It is good news that regulatory approvals have been obtained so quickly and we can now fully engage. We are excited about the partnership with CMA CGM.”

More in Ocean Carriers

SITC Holds Naming & Delivery Ceremony for M/V "SITC SENDAI"

SITC Holds Naming & Delivery Ceremony for M/V “SITC SENDAI”

Danny GillDecember 19, 2018
CMA CGM Receive Lloyd’s List Environment Award

CMA CGM Receive Lloyd’s List Environment Award

Logistics ManagerDecember 18, 2018
CMA CGM Sign Landmark Agreement with Freightos to Advance Digitization

CMA CGM Sign Landmark Agreement with Freightos to Advance Digitization

Logistics ManagerDecember 18, 2018
APL to Acquire Sister Company CNC to Bolster Intra-Asia Services

APL to Acquire Sister Company CNC to Bolster Intra-Asia Services

Logistics ManagerDecember 13, 2018
CMA CGM Awarded Most Accomplished Asia Pacific Ship Owner

CMA CGM Awarded Most Accomplished Asia Pacific Ship Owner

Logistics ManagerNovember 29, 2018

CEVA Logistics and CMA CGM Develop Strategic Partnership to Accelerate Growth

Logistics ManagerNovember 29, 2018
Kuehne + Nagel Upgrade Sea Explorer for All Container Shipping Liner Services

Kuehne + Nagel Upgrade Sea Explorer for All Container Shipping Liner Services

Logistics ManagerNovember 19, 2018

Top Ocean Carriers Join to Launch New Global Digitization Association

Danny GillNovember 15, 2018
MAERSK Launch Instant Booking Confirmation

MAERSK Launch Instant Booking Confirmation

Logistics ManagerNovember 2, 2018
LM is the leading source of logistics and cargo news within ASEAN and is regarded as one of the most authoritative sources of information. Our subscribers keep up to date with the latest logistics news, views, features and events within ASEAN and beyond.
AFL Real Logo

Airfreight Logistics is the air cargo professional’s number one provider of news and information in ASEAN and around the World. To keep abreast of all the latest news and for in-depth features visit our website www.airfreight-logistics.com

UpMedio

Subscribe to our newsletter!

© 2015 Logistics Manager | About Us | Advertise | Subscribe | Contact | thai Thai Version