French shipping company CMA CGM Group announced today (18 April) that it has entered into exclusive negotiations to acquire the transportation and logistics activities held through Bolloré Logistics.
CMA CGM said the negotiations are in line with its long-term strategy, based on the two pillars of shipping and logistics. “The Group’s strategy is to offer end-to-end solutions in support of its customer’s supply chain needs,” said CMA CGM in a statement.
The Marseille-headquartered container shipping giant noted that a potential acquisition agreement would further strengthen its logistics activities.
“The negotiations in no way guarantee an acquisition in the end,” pointed out CMA CGM.
