gefco

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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