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News / CMA CGM poised to acquire Gefco before sanctions hobble operations

PHOTO GEFCO
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UPDATED TO INCLUDE GEFCO COMMENT

CMA CGM is said to be poised to acquire French automotive and industrial logistics firm Gefco, currently 75%-owned by Russian Railways (RR).

The Russian state utility has been on the EU and US trade sanctions lists since late-February following Russia’s invasion of ...

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    CMA CGM Gefco Geodis Keppel Logistics M&A Russia-Ukraine War Russian Railways