CMA CGM does not expect to profit from Ceva Logistics till after 2023

It will still take some years before CMA CGM can reap the economic rewards from its acquisition of Ceva Logistics. The transaction has so far increased CMA CGM's debt significantly – and the company now sells ships and port activities to reduce its debt.

by TRINE VESTERGAARD

It will be 2023-2024 before French container shipping line CMA CGM expects to start reaping the direct economic gains from its purchase of Ceva Logistics.

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CMA CGM's acquisition of Ceva Logistics strains financials
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CMA CGM sells ships and terminals for USD 2 billion
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CMA CGM appoints deputy CFO – also becomes CFO at Ceva
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