March 19, 2019 / 6:19 AM / a month ago

CEVA Logistics due for delisting amid CMA CGM squeeze out

ZURICH, March 19 (Reuters) - Swiss freight forwarder CEVA Logistics said French shipper CMA CGM holds 89.47 percent of its shares after a public tender, clearing the way for a squeeze out of shareholders and a delisting from Switzerland's exchange.

"CMA considers that it will likely hold after the settlement a percentage of the share capital and voting rights of CEVA that allow CMA to implement a squeeze-out merger or a squeeze-out...and apply for a delisting of the CEVA Shares from SIX Swiss Exchange," the companies said in a statement on Tuesday.

Reporting by John Miller

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below