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CMA CGM ready to de-list Ceva Logistics

France's CMA CGM has progressed so far in its efforts to acquire Swiss-based Ceva Logistics that a de-listing from the Zürich stock exchange is now within reach.

Photo: Ceva

CMA CGM now owns 89.47 percent of the shares after the company in February made an official bid to buy all the shares in Ceva Logistics, of which the French liner company already owned a large stake.

This ownership stake is enough to force the rest of the shareholders to sell, and Ceva Logistics will therefore apply for a de-listing from the stock exchange, says the company in an update Tuesday.

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