France-headquartered container shipping line CMA CGM is on course to control 89.47 percent of the shares in Swiss freight forwarder Ceva Logistics following a public tender.
Ceva said that a CHF30 (USD30) per share public tender offer by CMA CGM is likely to go through; the offer from CMA CGM was agreed in October after a takeover bid from Denmark’s DSV was rejected.
The deal would clear the way for a squeeze out of Ceva’s remaining shareholders and a delisting from Switzerland’s stock exchange. This could be completed by the third quarter of 2019.
![WWPC VietnamGroup[45]](https://d3i5hb7w7uz115.cloudfront.net/Pictures/100x67/7/3/0/14730_wwpcvietnamgroup45_547333.jpg)
