PRESS RELEASE

CMA CGM holding more than 98% of CEVA’s share capital and voting rights

CMA CGM holding more than 98% of CEVA’s share capital and voting rights
3/23/2023

 

Baar, Switzerland, 24 April, 2019 – CEVA Logistics AG (“CEVA”) has been informed by CMA CGM S.A. (“CMA CGM”) that CMA CGM has, after the elapse of the additional offer period of the public tender offer, purchased additional shares of CEVA on the market. After the settlement of the public tender offer and taking into account these additional shares, CMA CGM now holds more than 98% of the share capital and voting rights of CEVA (as recorded in the commercial register). It is expected that CMA CGM will proceed with the squeeze out procedure and will file the claim for cancellation of the remaining outstanding CEVA shares ("Klage auf Kraftloserklärung") in accordance with art.137 FMIA as announced in the offer prospectus dated 28 January, 2019.