CMA CGM has increased its holding in Ceva Logistics to 33%, following the latter’s rejection of a takeover bid by DSV last week.
The increase had been expected after Ceva rejected DSV and CMA CGM indicated that it was considering increasing its stake.
Ceva had freed the shipping line from a standstill agreement that limited its maximum holding in the 3PL to 24.99%, and meant it could take it up to 33.3.%.
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Source: The Loadstar