CMA CGM offers US$30 per CEVA share to increase growth
CMA CGM has made a public tender offer for CEVA Logistics
CMA CGM has made a public tender offer for CEVA Logistics. The offer entails a price of CHF30 (US$30) for each registered share in CEVA Logistics.
The new CMA CGM and CEVA Logistics partnership will be based on an arm's length business relationship between the two companies, allowing them to effectively and efficiently deliver end-to-end supply chain solutions to their clients on competitive terms.
The completion of the public tender offer is subject to regulatory approvals. At present, CMA CGM owns a non-controlling 33 per cent stake of the registered shares of CEVA.
Said CMA CGM chief executive Rodolphe Saade: 'We are convinced of CEVA's potential. This will speed-up its transformation and to make it a more proficient leader of logistics to the benefit clients, employees and shareholders.'