French shipping firm to complete takeover of CEVA Logistics

Ceva longer semi-trailers
 

French shipping firm CMA CGM is set to takeover CEVA Logistics after building an almost 90% shareholding in the company after a public tender launched earlier this year. When the offer was launched in January this year CEVA Logistics, which is headquartered in Baar, Switzerland, called on shareholders to decline CMA CGM’s offer of 30 Swiss Francs per share, which it said undervalued the company by a third. However the operator revealed this week that the call fell on deaf […]