May 6, 2015
Paris office represents CMA CGM Group and its freight forwarding subsidiary in the acquisition of a strategic stake in a leading Indian logistics company.
On April 29, Willkie client CMA CGM Group, one of the world’s leading global container shipping companies, announced its acquisition of a strategic stake in leading Indian logistics company LCL Logistix. The acquisition was made through CMA CGM LOG, which is CMA CGM Group’s subsidiary specializing in freight forwarding and logistics solutions. The acquisition reinforces CMA CGM LOG’s position in India and will leverage LCL Logistix’s Indian network, as well as its presence in Canada, the United States and East Africa.
Based in Mumbai, LCL Logistix has a network of 42 offices with operations across India and abroad. CMA CGM LOG offers logistics solutions in 32 countries that are complementary to maritime services, including air freight, multimodal transport, custom clearance, warehousing and distribution.
In recent years, Willkie has advised CMA CGM Group in several significant deals including its sale of its stake in Terminal Link, its sale of La Compagnie du Ponant (a luxury French cruise line), and in its sale of a 50% stake in Malta Freeport Terminals Limited, among others. Present in 150 countries with a network of 655 agencies, CMA CGM Group employs 20,000 people worldwide, including 2,400 at its headquarters in Marseilles.
The current deal was handled by partner Daniel Hurstel, special European counsel Jeffrey Fouts and associate Basma Paradin.
