CMA CGM’s ongoing effort to acquire CEVA Logistics is “a significant strategic move” for the French liner company, according to chief executive and chairman Rodolphe Saade.
He said the takeover offer last month was prompted by shipping mergers coming to a halt, requiring the French liner operator to pursue new avenues, including logistics.
Saade's comments were made in the UK capital last week during the London Business School Middle East Conference.
