CMA CGM and CEVA reinforce industrial cooperation

CMA CGM has signed a new relationship agreement with CEVA Logistics to reinforce the industrial cooperation between the two companies.

With the French company’s commitment to keep the CEVA shares listed, all CEVA shareholders will have the opportunity to benefit from the substantial value creation expected from this cooperation, said CMA CGM in a statement.

Rodolphe Saadé, CEO of CMA CGM said: “We are convinced of CEVA Logistics’ potential. This industrial cooperation will make it possible to accelerate its required transformation and to make it a more profitable and efficient leader in logistics for the benefit of its clients, its employees and its shareholders.”