News / CEVA unveils plans for relationship with CMA CGM as Q1 results satisfy

CEVA plans to repay and refinance the majority of its debt facilities in the coming months, it told investors today.

Following its announcement of reasonable first-quarter results this morning, it said it would primarily use proceeds from its recent IPO on the Swiss stock market of Sfr1.2bn ($1.19bn) to reduce debt, resulting “in a much stronger financial position”.

Deleveraging its debt would give the company “additional business opportunities with existing and new clients where CEVA is currently not considered”, it said.

The forwarder would ...