Acquisition of 25% stake by French-based CMA CGM in CEVA Logistics in connection with the IPO of CEVA Logistics on the SIX Swiss Exchange

Lenz & Staehelin advised as Swiss counsel French-based CMA CGM S.A. on its agreement to acquire an approximate 25% stake in CEVA Logistics AG, a global leading player in the logistics sector, in connection with the IPO of CEVA Logistics on the SIX Swiss Exchange. CMA CGM has subscribed for mandatory convertible securities which will convert into CEVA shares, with an estimated value of CHF 380 million, subject to obtaining all required regulatory approvals. Trading in the CEVA shares on the SIX Swiss Exchange commenced on May 4, 2018. Headquartered in Marseille, CMA CGM is the world’s third-largest container shipping company and a global leading player in the logistics sector.