CMA CGM has increased its stake in CEVA Logistics to 33 percent.

CMA CGM’s purchase of more shares follows DSV’s confirmation that its recent offer to takeover CEVA Logistics was rejected by the CEVA board, as HLPFI reported here. 

HLPFI readers may recall that CMA CGM acquired its initial stake in CEVA Logistics as part of the planned flotation of the CEVA business earlier this year. 

Since then, CMA CGM’s duty to not increase its holding above 24.99 percent of the share capital before November 5, 2018 has been amended so that CMA CGM can increase its holding to up to one third of the voting rights. 

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www.cma-cgm.com

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