The European Commission has given the green light to French shipping major CMA CGM to acquire Swiss logistics company CEVA Logistics.
Following the approval, CMA CGM will acquire sole control of the Switzerland-based company.
The commission concluded that the proposed acquisition would raise no competition concerns, given its limited impact on the structure of freight forwarding, short sea and deep sea container shipping markets, according to a statement issued on February 7, 2019.
CMA CGM is involved in container liner shipping, port terminal services and freight forwarding services.
CEVA offers a range of services in freight forwarding and contract logistics.
More to follow…