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CMA CGM Launches its PTO offer for CEVA shares
[ February 14, 2019 // Gary G Burrows ]CMA CGM Group has launched its public tender offer for CEVA shares in an effort to become a global leader in transport and logistics. The offer price was set at CHF 30 per share, open from February 12.
The board of CEVA Logistics is fully aligned with this friendly offer.
Rodophe Saade, chairman and CEO of CMA CGM, stated: “The launch of this public tender offer is in line with CMA CGM’s overall strategy. By developing a logistics offering to complement our maritime activity, we will be able to propose a full ‘end-to-end’ service to our customers.This is a milestone in the Group’s history. Once the takeover is completed, CMA CGM will become a 100,000-employee strong Group, generating over $30 billion in revenue.”