News / CMA CGM to acquire majority stake in last-mile specialist Colis Privé

CMA CGM is set to move into the last-mile e-commerce delivery sector, agreeing to acquire a 51% stake in French B2C distribution specialist Colis Privé from its own Hopps Group for an undisclosed amount.

The French carrier said the agreement also included the option of increasing its stake in the future, and the acquisition is clearly part of its strategy to build an end-to-end logistics provider, with obvious synergies with logistics subsidiary Ceva.

Rodolphe Saadé, chairman and CEO of CMA CGM Group, ...