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International Cooperation Department
Tel.: (+86-21) 65853850-8034
Fax: (+86-21) 65373125
E-mail: ICDept@sisi-smu.org
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Logistics |
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| CMA CGM wins approval to be a 25pc shareholder in CEVA Logistics |
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Date:2018-07-11 Readers:
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CMA CGM has obtained all the regulatory approvals to become a regular
shareholder with a 24.99 per cent stake in asset-light third-party
logistics provider CEVA Logistics.
CMA CGM made an investment in
convertible securities issued by CEVA in a concurrent private placement
at the time of CEVA's initial public offering on the SIX Swiss Exchange.
The securities will be converted into registered ordinary shares in the
coming days.
CMA CGM has also entered into a lock-up agreement for one year following
the IPO and has agreed not to raise its shareholding in CEVA for six
months post-IPO.
Both companies will work together to expand their commercial cooperation
and to develop complementary services, which address the increasing
customer need for integrated end-to-end solutions.
Said CEVA chief executive Xavier Urbain: "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."
http://www.shippingazette.com/menu.asp?encode=eng
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