CEVA Logistics announces increase in CMA CGM stake

CEVA Logistics AG / Key word(s): Miscellaneous

17-Oct-2018 / 07:00 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 KR
The issuer is solely responsible for the content of this announcement.


Baar, Switzerland, 17 October, 2018 - CEVA Logistics AG (the "Company") announces that CMA CGM S.A. ("CMA CGM") has purchased shares of the Company during the last few days so that the group consisting of the Company and CMA CGM currently holds a participation of 33% in the Company's shares. The Company and CMA CGM are deemed to be acting in concert due to the relationship agreement between the parties entered into in the context of the IPO.

The Company has further been informed that CMA CGM entered into a derivative transaction related to the shares of the Company with cash settlement (Total Return Swap) giving CMA CGM an additional economic exposure of 4.56% in CEVA Logistics' share capital. A formal disclosure notice disclosing the combined shareholdings of the group is expected to be published simultaneously.

The duty to launch a mandatory takeover offer is triggered only if a shareholder holds a position in shares of more than one third of the voting rights of a company.

For additional information please contact:

Investors:
Pierre Benaich
SVP Investor Relations
pierre.benaich@cevalogistics.com
+41 41 547 0048

Media:
Matthias Hochuli
Group Head of Marketing and Communications
matthias.hochuli@cevalogistics.com
+41 41 547 00 52

Cathy Howe
Pilot Marketing
ch@pilotmarketing.co.uk
Tel: +44 (0)208 941 5381

 

CEVA - Making business flow
CEVA Logistics, a global asset-light third-party logistics company, designs and operates industry leading supply-chain solutions for large and medium-size national and multinational companies. Its integrated network in Freight Management and Contract Logistics spans more than 160 countries. Approximately 56,000 employees are dedicated to delivering effective solutions across a variety of industry sectors where CEVA applies its operational expertise to provide best-in-class services. CEVA generated revenue of $7 billion and adjusted EBITDA of $280 million in 2017. CEVA Logistics is listed on SIX Swiss Exchange under ticker symbol CEVA. For more information, please visit www.cevalogistics.com.
 



End of ad hoc announcement

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Media Contact

Matthias Hochuli,
Group Head of Marketing and Communications

matthias.hochuli@cevalogistics.com
Tel: +41 41 547 00 52

Cathy Howe,
Pilot Marketing

ch@pilotmarketing.co.uk
Tel: +44 (0)208 941 5381


Registered office

The registered office address of CEVA is:

CEVA Logistics AG
Grabenstrasse 25
6340 Baar
Switzerland

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