CEVA expects conversion of CMA CGM`s securities within next 4 weeks
(WorldNews Switzerland)

CEVA expects conversion of CMA CGM`s securities within next 4 weeks Baar, Switzerland, 17 July, 2018 - CEVA Logistics AG (`CEVA`), one of the leading asset-light third-party logistics providers, announces that CMA CGM S.A. (`CMA CGM`) is expected to convert the CHF 378,945,215 of CEVA mandatory convertible securities it holds into registered ordinary shares to become a 24.99% shareholder in CEVA latest on 13 August 2018. Whilst CMA CGM has obtained all required regulatory approvals last week, CEVA and CMA CGM have agreed to postpone the conversion to give CMA CGM more...