April 26, 2019
Willkie represented CMA CGM in the transaction, which confirms its position as a global leader in the transport and logistics sectors.
Longtime Willkie client CMA CGM, a leading global transport and logistics group, recently announced its successful friendly tender offer to acquire of CEVA Logistics, a global logistics group listed on the Zurich Stock Exchange (SIX). The transaction follows CMA CGM’s cornerstone investment in CEVA Logistics made at the time of CEVA’s initial public offering, as well as the progressive strengthening of the business relationship of the two parties.
With CEVA, CMA CGM is implementing an ambitious transformation plan to serve customers with world-class logistics services. CMA CGM expressed its intent to delist CEVA Logistics from the Zurich Stock Exchange.
The combination confirms CMA CGM’s position as a global leader in the transport and logistics sectors. Operating in 160 countries, the company has 110,000 employees and generates a turnover of more than $30 billion.
The transaction entailed merger control filings with the competition authorities of more than a dozen jurisdictions, including the European Union, the United States and China.
The multidisciplinary, cross-border Willkie deal team was led by partner Daniel Hurstel and included partners Gabriel Flandin and Mark Fine, national partner Brice Pommiès and UK partner Jennifer Tait.
