This press release is not intended to and does not constitute or form part of an offer to sell or the solicitation of an offer to buy or an invitation to purchase any securities of any person.
CMA CGM, a leading worldwide shipping Group, confirms its investment in CEVA Logistics (“CEVA”), a global leading player in the logistics sector, on the occasion of CEVA’s initial public offering (IPO).
This investment will take the form of convertible bonds, which will be converted into CEVA common shares, upon obtaining all the requisite regulatory approvals. CMA CGM’s investment will represent 24.99% of CEVA’s capital.
At an IPO price of 27.5 CHF per share, CMA CGM’s investment amounts to 379 million CHF.
With this transaction, CMA CGM will expand its presence in the logistics sector, which is closely related to shipping. The two companies have agreed to explore together the development of joint commercial offerings, according to terms to be defined in the coming months.
The investment will also give CMA CGM two seats on CEVA’s Board of Directors.
This press release is for information purposes only regarding CMA CGM S.A. This press release does not constitute or form part of any offer of securities for sale or solicitation of an offer to purchase securities in the United States or in any other jurisdiction.
Securities may not be offered or sold in the United States unless they are registered under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”), or exempt from registration. The securities of CEVA referred to in this press release have not been, and will not be, registered under the U.S. Securities Act and will not be offered or sold in the United States, except on the basis of applicable exemptions from registration. There will be no public offering of securities in the United States.