News / €5bn bid for Bolloré Logistics – 'another poison deal' for forwarders

CMA CGM’s proposed acquisition of Bolloré Logistics could be “poison” for small and medium-sized freight forwarders, squeezed in an ever-tightening market sector.

According to Xeneta chief analyst Peter Sand, major carriers like CMA CGM and Maersk are continuing to “enter the traditional home turf of freight forwarders”.

Now, in a deal valued at €5bn, the France-based transport group has offered a takeover bid to Bolloré shareholders, though the company is not publicly listed.

The acquisition would boost CMA CGM supply chain subsidiary Ceva ...