News / CEVA takes shelter under new CMA CGM 'partnership' to ward off DSV

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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 “at a price to be agreed upon (failing agreement to ...