CMA CGM acquires Ceva after successful tender offer
Following the close of the public tender offer launched on 12 February, the CMA CGM group will hold 97.89% of the outstanding shares and voting rights of Ceva upon settlement of the tendered Ceva shares, scheduled for 16 April.
CMA CGM plans to delist Ceva from the Zurich stock exchange. Ceva’s new strategic plan, prepared jointly with CMA CGM, and the close cooperation between the teams of both companies are expected to improve Ceva's financial performance. A Ceva operational centre will be set up in Marseilles (France) to combine management teams and support functions, i.e. 200 jobs (creation and transfer).
Rodolphe Saadé, chairman and CEO of the CMA CGM group, said: “This transaction marks a major milestone in the history of CMA CGM’s growth. CMA CGM has confirmed its position as a major maritime transport and logistics provider, supported by a team of 110,000 employees." (mw)