CEVA takes shelter under new CMA CGM ‘partnership’ to ward off DSV

DSV may now launch a hostile takeover bid (see today’s Market Insight) for CEVA Logistics, after the 3PL yesterday signed a new “strategic partnership” deal with major shareholder CMA CGM
It’s a complex deal on paper, but essentially shows all the signs of agreement for the carrier to build up its stake in CEVA to a majority, protecting it from the advances of Denmark’s DSV.
The deal is being presented as CEVA taking over the nascent logistics activities of CMA CGM …

The post CEVA takes shelter under new CMA CGM ‘partnership’ to ward off DSV appeared first on The Loadstar.

Source: The Loadstar

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