CMA CGM declares public tender offer for CEVA Logistics successful

On 28 January 2019, CMA CGM, the French shipping group, published a public tender offer for all publicly held registered shares of CEVA Logistics at an offer price of CHF 30 per share. On 19 March 2019, after the end of the acceptance period, CMA CGM announced the interim result of the public tender offer pursuant to which it held 89.47% of the share capital of CEVA Logistics. Accordingly, the offer was declared successful. The additional acceptance will run until 2 April 2019 and settlement is expected to occur on 16 April 2019.