CMA CGM Agrees to Acquire a Stake in CEVA Logistics

April 27, 2018

Paris office advises CMA CGM on its agreement to acquire a 25% stake in CEVA Logistics AG, a global leading player in the logistics sector, reinforcing its presence in the logistics sector.

On April 20, Willkie client CMA CGM, the world’s third-largest container shipping company, announced its intention to acquire an approximate 25% stake in CEVA, a global leading player in the logistics sector.

CMA CGM has committed to subscribe for mandatory convertible CEVA securities with an estimated value between 380 and 450 million CHF. These securities will be convertible into CEVA common shares subject to obtaining all required regulatory approvals. This equity investment takes place in connection with CEVA’s planned initial public offering on the SIX Swiss Exchange, announced on April 20, and remains conditioned upon its successful completion.

CEVA is a global leader in logistics and with more than 56,000 employees and temporary/agency workers in 160 countries. CEVA posted revenues of over $7 billion in 2017.

The Willkie team was led by partner Daniel Hurstel and national partner Gabriel Flandin, with the assistance of associate Grégoire Dumazy. National partner Faustine Viala and associates Maxime de l’Estang and Sylvain Petit advised on the competition aspects of the transaction.