Comment / Standby DB Schenker: CMA CGM has nowhere to hide post-Bolloré deal

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We’ll get to German matters as swiftly as humanly possible.

Gone 

Where to start today is plan vanilla following the news on Monday that CMA CGM and Bolloré have agreed a €5bn logistics deal*.

First off, it gratefully validated our base case concerning ’the rump’, as we labelled Bolloré Logistics (BL) in January last year.

Then, glance at the French seller’s corporate tree, and cancel Logistics forever from the chart below (click to expand it) – its exposure already reduced after the sale of ...

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    Bollore Logistics Ceva 2.0 Ceva Logistics CMA CGM DB Schenker M&A radar Takeover Talk The CEVA story Vertical consolidation