CMA CGM and CEVA Logistics strengthen their strategic partnership

By Redacción PortalPortuario.cl

@PortalPortuario

CEVA Logistics and CMA CGM (largest shareholder of the logistics company) announced that they would strengthen their strategic partnership .

CEVA Logistics will acquire the CMA CGM Freight Management Domain. In addition, it was agreed that the transport company will propose to CEVA shareholders to buy their shares for nearly $ 30 per share.

"The Board of Directors considers, unanimously, that the partnership with CMA CGM will offer an interesting value proposition CEVA in a press release.

For its part, the President of CMA CGM, Rodolphe Saadé, indicated that "we are convinced of the potential of CEVA Logistics. This cooperation will accelerate the transformation required and make it a more profitable and efficient logistics leader for the benefit of its customers, employees and shareholders. In addition, he reiterates that CMA CGM is both a reference shareholder and a long-time partner. "

It should be noted that in July of this year, the transportation company obtained approval to acquire 25% of CEVA at a cost of $ 391 and $ 463 million, noting at that time that it would not increase its stake in the logistics company before at least six months.

However, in the middle of this month, the logistics company announced that CMA CGM had acquired 33% This, after rejecting an offer from DSV.