Orient) which also managed the bulk and tanker fleets, South America & Caribbean (AMLAT), Pacific & Indian Ocean (PACOI) and Short Sea Trades (Cabotage). Separately, Jacques Saadé had created CMA in 1978 as an intra-Mediterranean liner service operator, based in Marseille. In 1996, CGM was privatized and sold to Compagnie Maritime d'Affrètement (CMA) to form CMA CGM. In 1998 the combined company purchased Australian National Lines (ANL). In September 2005 CMA CGM acquired its French rival Delmas based in Le Havre from the Bolloré Group for €600 million. The acquisition was completed in early January 5, 2006. The resulting corporation became the third largest container company in the world behind the Danish A.P. Moller-Maersk Group and the Swiss Mediterranean Shipping Company S.A. In May 2007, a consortium represented by CMA-CGM completed its acquisition of Compagnie Maroccaine de Navigation (Comanav) for a sum of €200 million. In July 2007, CMA-CGM acquired Cheng Lie Navigation Corp. (CNC Line), Intra-Asia container line based in Taiwan. In 2014, CMA CGM signs the Ocean Three agreements. The group strengthens its offer by signing major agreements on the biggest worldwide maritime trades with CSCL and UASC. In April 2015, the group acquired a strategic stake in LCL Logistix, a logistics leader in India, via its subsidiary CMA CGM LOG. In December 2015, CMA CGM Benjamin Franklin called at the Port of Los Angeles and thus became the largest vessel ever to call the United States. The container-ship, long and wide, was inaugurated in Port of Long Beach on February 19. In July 2016 CMA CGM finalized its acquisition of Singapore-based NOL (Neptune Orient Lines) and its container line APL (American President Lines) after an all-cash offer of US$2.4 billion. The takeover is CMA CGM's largest acquisition and the purchase added 12 percent market share to the CMA CGM group. The Singapore Exchange Securities Trading suspended trading of NOL shares at the end of the offer. In June 2017, CMA CGM acquire Mercosul Line, a Brazilian shipping company specialized in multimodal door-to-door container transportation and logistics. In October 2018, CMA CGM finalized the acquisition of Finland-based container-transportation and logistics company Containerships. In April 2019, CMA CGM completed its public tender offer to acquire CEVA Logistics. With this acquisition, the CMA CGM Group becomes a global leader in transport and logistics, 110,000 people strong with more than $30,3 billion in revenue. CEVA operational center is transferred in Marseille,