CEVA

CMA CGM launches takeover offer for CEVA

  • An offer price of CHF 30 per share, open from February 12
  • The Board of CEVA Logistics AG is fully aligned with this friendly offer
  • A major transformation in line with the CMA CGM Group’s strategy

Rodolphe Saadé, Chairman-CEO of CMA CGM, stated: “The launch of this public tender offer is in line with CMA CGM’s overall strategy. By developing a logistics offering to complement our maritime activity, we will be able to propose a full ‘end-to-end’ service to our customers.

This is a milestone in...

http://container-news.com/cma-cgm-launches-takeover-offer-ceva/

CEVA announces preliminary results

  • 2018, a year of structural changes, including a major move towards deleveraging 
  • Expected revenue growth of 5.2% in 2018 compared to previous year (5.4% at constant currency) 
  • Net debt down to $1,190 million as of 31 December, 2018, representing a very significant decrease of 43% compared to $2,089 million a year earlier

Baar, Switzerland, 4 February, 2019 – CEVA Logistics AG (“CEVA” or the “Company”) announced today preliminary results for the year ended 31 December, 2018 . This communication...

http://container-news.com/ceva-announces-preliminary-results/

CEVA Logistics rejects CMA CGM takeover offer

Baar, Switzerland, 28 January 2019 – CMA CGM on 26 November 2018 announced a public tender offer for all publicly held registered shares of CEVA Logistics AG, Baar, Switzerland («CEVA») with a nominal value of CHF 0.10 each. Today, CMA CGM has published its prospectus for the Public Tender Offer on CEVA shares with an offer price of CHF 30 per share. Based on a comprehensive review of the revised business plan for the period up to 2023 developed with external advisors and based on an...

http://container-news.com/ceva-logistics-rejects-cma-cgm-takeover-offer/

CEVA Logistics and Goodpack enter into strategic alliance to develop innovative solutions for the tyre sector

Baar, Switzerland 2 November, 2018 – CEVA Logistics and Goodpack, which operates the world’s largest fleet of Intermediate Bulk Containers, have agreed to extend the long-term nature of their working relationship by entering into a strategic alliance. A key driver for the alliance is both companies’ desire to provide advanced digitisation and innovative solutions for the tyre industry. As part of this new alliance, the two companies have developed TYRECUBE™, …

The post CEVA Logistics and...

https://theloadstar.co.uk/ceva-logistics-goodpack-enter-strategic-alliance-develop-innovative-solutions-tyre-sector/

CEVA rejects DSV’s takeover approach

Swiss transport group Ceva Logistics rejected an unsolicited takeover approach from Denmark’s DSV, saying on Thursday the 1.53 billion Swiss franc ($1.55 billion) cash bid undervalued the company that went public only in May.

Danish freight forwarder DSV offered 27.75 francs per share for Ceva in cash, a 50 percent premium to the previous close of 18.42 francs, saying it was confident a combination was in the best interests of both companies “by extending our service offering and giving our...

http://container-news.com/ceva-rejects-dsv-takeover-approach/

CMA CGM supports CEVA’s decisions

CMA CGM has the strategic ambition to accelerate CEVA’s turnaround and create value for all stakeholders, as discussed within the Board of CEVA during the last few weeks.

Shipping giant plans to unlock CEVA’s potential by:

  • Bringing its recognized operational expertise and turnaround track record to reinforce CEVA’s management and organization and help it deliver a quicker and deeper turnaround.
  • Generating new commercial opportunities: as a leading shipping company, CMA CGM will generate new...

http://container-news.com/cma-cgm-supports-ceva-decesions/

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