French container line CMA CGM has built its stake in Swiss group CEVA Logistics to 97.89% after its takeover offer.

The Cash website said it now owned 54m of the 55.2m issued shares.

The previous total was 89.5%.

The shipowner paid CHF 30 ($30.25) per share to raise its holding from 33% in a deal valuing the logistics player at $1.66bn.