SIX Swiss Exchange building
ID 54454908 © Denis Linine |

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.”

Comment on this article

You must be logged in to post a comment.