CMA CGM set to takeover Air Belgium following court approval
CMA CGM has confirmed it is aiming to take over Air Belgium, after a court ...
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, ...
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