CEVA Logistics, the logistics arm of French shipping giant CMA CGM, has signed a binding agreement to acquire 100% of Turkish logistics provider Borusan Tedarik Zinciri Çözümleri ve Teknoloji Anonim Şirketi.
The deal, valued at approximately US$440 million, is subject to customary net cash and working capital adjustments. Borusan Holding currently owns 69.47% of Borusan Tedarik, while 30.53% is held by the publicly traded Borusan Yatırım.
The acquisition, which includes Borusan Tedarik’s...
https://container-news.com/ceva-logistics-to-acquire-borusan-tedarik/