Alle Storys
Folgen
Keine Meldung von CEVA Logistics AG mehr verpassen.

11.07.2018 – 07:10

CEVA Logistics AG

EQS-Adhoc: CEVA Logistics AG: CMA CGM receives regulatory approvals for its investment in CEVA


EQS Group-Ad-hoc: CEVA Logistics AG / Key word(s): Miscellaneous
CEVA Logistics AG: CMA CGM receives regulatory approvals for its investment in
CEVA

11-Jul-2018 / 07:00 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 KR
The issuer is solely responsible for the content of this announcement.

--------------------------------------------------------------------------------
CMA CGM receives regulatory approvals for its investment in CEVA

Baar, Switzerland, 11 July, 2018 - CEVA Logistics A.G. ("CEVA"), one of the
leading asset-light third-party logistics providers, announces that CMA CGM S.A.
("CMA CGN") has obtained all regulatory approvals required in connection with
its investment in CEVA and will become a regular 24.99% shareholder in CEVA.

CMA CGM, the third largest container shipping group in the world, made a
strategic investment in convertible securities issued by CEVA in a concurrent
private placement at the time of CEVA's initial public offering on the SIX Swiss
Exchange (the "IPO"). CMA CGM has now obtained all required regulatory approvals
and the securities will be converted into registered ordinary shares in the
coming days. Following conversion, CMA CGM will hold 24.99% of CEVA's share
capital. CMA CGM has entered into a lock-up agreement for one year following the
IPO and has agreed not to increase its shareholding in CEVA for six months
post-IPO.

CEVA and CMA CGM will work together to expand their commercial cooperation and
to develop complementary services, which address the increasing customer need
for integrated end-to-end solutions. Both companies explore arms-length
cooperation and believe that the partnership could create significant value to
customers and would be mutually beneficial to both companies.

CEVA's CEO, Xavier Urbain, commented: "It is good news that regulatory approvals
have been obtained so quickly and we can now fully engage. We are excited about
the partnership with CMA CGM."

 

For additional information please contact:

Investors:
Pierre Benaich
SVP Investor Relations
pierre.benaich@cevalogistics.com
+41 41 547 0048

Media:
David Urbach
SVP Corporate Development
david.urbach@cevalogistics.com
+41 799 333 083

Cathy Howe
Pilot Marketing
ch@pilotmarketing.co.uk
Tel: +44 (0)208 941 5381

 

CEVA - Making business flow
CEVA Logistics, a global asset-light third-party logistics company, designs and
operates industry leading supply-chain solutions for large and medium-size
national and multinational companies. Its integrated network in Freight
Management and Contract Logistics spans more than 160 countries. Approximately
56,000 employees are dedicated to delivering effective solutions across a
variety of industry sectors where CEVA applies its operational expertise to
provide best-in-class services. CEVA generated revenue of $7 billion and
adjusted EBITDA of $280 million in 2017. CEVA Logistics is listed on SIX Swiss
Exchange under ticker symbol CEVA. For more information, please
visitwww.cevalogistics.com.
 

--------------------------------------------------------------------------------
End of ad hoc announcement------------------------------------------------------

703349  11-Jul-2018 CET/CEST