Operating income more than halved after specific items and SBC for Ceva Logistics during the first six months of what the company described as a “transformative period”.
Between January and June, Ceva listed on the Six Swiss Exchange, generating proceeds of $820m, and shipping line CMA CGM taking a 24.99% stake for $378m.
“We have used a substantial part of the proceeds from the IPO and the concurrent private placement to CMA CGM …
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Source: The Loadstar
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