News / Jobs safe in CMA CGM takeover, says Bolloré, but we may lose our brand

04/09/2023

The Bolloré Logistics brand is likely to disappear – but jobs are safe, according to the company, which is close to finalising its €4.65bn ($5bn) acquisition by CMA CGM Group.

Completion of the deal now rests on obtaining antitrust and foreign investment clearances in the relevant jurisdictions.

The combined operations of CMA CGM’s logistics activities — centred on Ceva – and Bolloré Logistics would produce revenue of approximately $24bn, based on 2022 results, and generate in excess of two million teu of ...