AD Ports extends CMA CGM collaboration with Congo port project
AD Ports has announced a partnership with French carrier CMA CGM to develop a terminal ...
ID 54454908 © Denis Linine | Dreamstime.com
Short news item from Reuters which contends that French shipping line CMA CGM now controls nearly 90% of Ceva’s stock since it offered existing shareholders a way to exit the company. What the article doesn’t mention is that this has now put Ceva’s listing on the Swiss stock exchange into doubt, as the bourse’s regulations appear to suggest that at least 20% of a listed company’s issued stock has to be free float. The Loadstar approached Ceva for comment, but was redirected to CMA CGM, which said: “At this stage we are not making any comment.”
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