Independent journal on economy and transport policy
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CMA CGM will acquire a participation of 25% about in the logistic group CEVA
The logistic company will launch an initial public offer on the securities market SIX Swiss Exchange
April 20, 2018
The French shipowning group CMA CGM has tightened an agreement of lock up of the duration of a year in order buying 24.99% about of the capital of the logistic group CEVA Logistics. This last one has announced today the start of an initial public offer on the securities market SIX Swiss Exchange relative to 29,9 million actions of new issue with a price per.share fixed between 27,50 franchi and 52,50 franchi Swiss, with the scope to collect resources for a total of about 1,2 billion franchi Swiss (a billion of euro). The procedure of bookbuilding will conclude next 2 May and the first day of admission to the negotiations is previewed to be on 4 May.
CMA CGM has been engaged to invest between 380 million and 450 million franchi Swiss within this initial public emission. The agreement previews moreover that the shipowning group and CEVA is engaged to increase their commercial cooperation and to develop also complementary services. If the agreement will succeed, CMA CGM will name two own members in the board of directors of CEVA.
CMA CGM, than last year has totaled revenues pairs to 21,1 billion dollars (16,0 billion in 2016), is the third world-wide company of the field of the containerized marine transport with a fleet of about 500 ships for a total cargo ability pairs than more 2,5 million teu. CEVA, that it has beyond 42 thousand employee, is present in beyond thousand resorts of 160 nations and in 2017 6,6 billion in the exercise have recorded revenues pairs to seven billions of dollars (precedence).
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The French shipowning group CMA CGM has tightened an agreement of lock up of the duration of a year in order buying 24.99% about of the capital of the logistic group CEVA Logistics. This last one has announced today the start of an initial public offer on the securities market SIX Swiss Exchange relative to 29,9 million actions of new issue with a price per.share fixed between 27,50 franchi and 52,50 franchi Swiss, with the scope to collect resources for a total of about 1,2 billion franchi Swiss (a billion of euro). The procedure of bookbuilding will conclude next 2 May and the first day of admission to the negotiations is previewed to be on 4 May.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
