Hints and tips:
...CMA CGM, which made the offer through its Ceva logistics subsidiary, originally offered 450p a share for Wincanton on January 19....
...The French company’s bidding vehicle, Ceva Logistics UK Rose, said on Monday that it had received firm commitments to accept its bid from investors holding 16 per cent of Wincanton’s shares, while investors...
...CMA CGM’s bid for Wincanton was made by its subsidiary Ceva Logistics, a logistics company that it acquired in 2019....
...Its latest came on Friday via its CEVA Logistics unit, which has agreed to buy Wincanton in a deal that values the British delivery and warehousing company at £765mn....
...Under its original attempts, some potential clients were hard to entice because CMA CGM was proposing its services to logistics companies it was also competing with through its own divisions such as CEVA...
...Mathieu Friedberg, chief executive of the company’s Ceva Logistics unit, told the Financial Times the group would finance the latest $3bn acquisition from its own resources and pay cash....
...groups XPO and Ceva....
...Mr Saadé said the $30bn revenue group is focused on growing its logistics business, which brings in $8bn a year after the acquisition of its Ceva logistics arm in 2018....
...Such disruption was highlighted when France’s CMA CGM, one of the world’s largest shipping groups, offered to purchase the rest of Switzerland’s Ceva Logistics — a rival to Schenker — at a premium of nearly...
...CMA CGM is trying to turn round its lossmaking Ceva logistics arm, of which it took control in 2018. Net debt rose $10.1bn to $17.8bn, which CMA CGM attributed largely to new accounting standards....
...Today’s Charted Waters looks at declining trade at Ceva Logistics, while our Tit for Tat guest is Anahita Thoms, head of the trade practice in Germany at Baker McKenzie....
...Rodolphe Saadé, chief executive officer of CMA CGM: We are convinced of CEVA Logistics’ potential....
...This appears to be CEVA Logistics, which sold a €300m seven-year bond at 5.25 per cent yield back in July, with adjustments taking its ebitda figure from €197m to €292m....
...But perhaps more serious for Maersk was news last year that one of its main rivals, CMA CGM, had bought a big stake in Ceva Logistics. “I always thought Maersk would be getting involved in larger M&A....
...CEVA, a global logistics group owned by private equity investors, has become the latest of a wave of Swiss companies to prepare for a stock market listing, extending a flurry of flotation activity....
...● In brief: Axel Springer upgraded to “buy” at HSBC; BAE Systems raised to “outperform” at Credit Suisse; Big Yellow upgraded to “buy” at Kempen & Co; Burberry raised to “neutral” at MainFirst; Ceva Logistics...
...● In brief: Ceva Logistics downgraded to “hold” at Berenberg; Derwent London cut to “reduce” at HSBC; DSV upgraded to “buy” at Berenberg; Hikma cut to “hold” at Peel Hunt; Hunting raised to “outperform...
...Logistics downgraded to “hold” at Deutsche Bank; Dialog Semiconductor raised to “buy” at Merrill Lynch; Engie rated new “outperform” at Bernstein; GEA Group downgraded to “hold” at Deutsche Bank; Lundin...
...The IPO, which will be used to reduce debt, extends a wave of activity in the Swiss listings market this year, including that of logistics group CEVA, sensor maker Sensirion, and medical devices manufacturer...
...Other companies in Switzerland have recently pushed ahead with IPOs on the country’s stock exchange — including Ceva, a logistics group, which on Monday detailed its plans for a stock market debut before...
...Logistics rated “buy” at Deutsche Bank....
...Logistics rated new “buy” at HSBC....
...They were Ceva Group, a Netherlands-based integrated logistics services provider which defaulted for the second time; Netherlands-based telecoms holding company Magyar Telecom; and a Spanish gaming company...
...Bruno Sidler, chief operating officer for Ceva Logistics, the Netherlands-based logistics provider, said that different Chinese provinces were competing against each other to attract such complex logistics...
...Bruno Sidler, chief operating officer of Ceva Logistics, an Amsterdam-based logistics company, says that since the tsunami more and more of his company’s customers have engaged Ceva when drawing up business...
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