PRESS RELEASE

CEVA Logistics AG: CMA CGM will control 97.89% of CEVA upon closing of the Public Tender Offer

CEVA Logistics AG: CMA CGM will control 97.89% of CEVA upon closing of the Public Tender Offer
3/23/2023

 

Release of an ad hoc announcement pursuant to Art. 53 KR
The issuer is solely responsible for the content of this announcement.

Baar, Switzerland 8 April, 2019 - On January 28, 2019, CMA CGM S.A. ("CMA CGM"), published a public tender offer (the "Offer") for all publicly held registered shares of CEVA Logistics AG ("CEVA"), at a price of CHF 30 net per share. Following the end of the additional acceptance period CMA CGM has reported that 26,127,510 shares have been tendered into the Offer, indicating that CMA CGM will own an aggregate of 97.89% of CEVA's shares upon closing of the Offer. Settlement of the tendered shares is expected to occur on 16 April 2019.