Macron calls for ‘suspension’ – CMA CGM's $20bn US investment in doubt
CMA CGM’s much-heralded $20bn investment in the US could be in doubt after French president ...
By Alex Lennane
CMA CGM has announced its takeover of French automotive and industrial logistics firm Gefco.
The operator is currently 75%-owned by Russian Railways (RR), with the remaining 25% in the hands of Stellantis (formerly PSA Peugeot-Citroën Group).
The ocean shipping giant said it was “acquiring nearly 100% of Gefco”, a move that “ensures the continuity and long-term stability of its business”.
It added that the deal “will accelerate Gefco’s s transformation and strengthen its development within Ceva Logistics”.
However, details of the transaction are scant, ...
Comment on this article