French government 'presses' CMA CGM to cut ocean rates for retail imports
In a seemingly patriotic gesture, against a backdrop of rising inflation, CMA CGM has announced it ...
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With about $7bn worth of deals launched or about to hit the market, this is by far the biggest week in logistics since the container shipping lines started, of necessity, to entertain M&A in 2014.
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Today’s bid by French ocean carrier CMA CGM, for the 49.4% of Switzerland-based CEVA Logistics it does not already own, has a market value of up to about $820m.
This deal is overshadowed, of course, by the $4bn takeover of Swiss 3PL Panalpina (PAN) by DSV, which still has the bulls ...
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