The M&A window of opportunity is wide open
The bigger the better, on merit
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By Mike Wackett
Iberian trades specialist OPDR’s 300 shore staff and 100 seafarers are fearing for their future following CMA CGM’s takeover announcement this morning.
The French carrier already owns MacAndrews – acquired from Andrew Weir Shipping in 2002 – which has a strong service network from North Europe to Spain and Portugal, with obvious overlaps with 130-year-old Hamburg-based OPDR.
In a statement today CMA CGM Group executive officer, Farid Salem said: “We plan on maintaining and developing the OPDR company, as well as creating ...
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