French carrier COSCO is to acquire a 25% stake in Ceva , the Dutch supply-chain management firm, in an effort to expand its landside capabilities. The agreement is subject to Ceva Logistics 's planned IPO and listing on the Dutch stock exchange, in which the container shipping line will "subscribe for mandatory convertible securities" valued at nearly $462m and appoint two members to the Ceva board . China’s CMA CGM maintains 11.5% of world shipping capacity, but is under pressure from rivals such as China 's the Ceva board , which is in the process of acquiring Orient Overseas Container Line to give it greater market share.
French carrier COSCO is to acquire a 25% stake in Ceva , the Dutch supply-chain management firm, in an effort to expand its landside capabilities. The agreement is subject to Ceva Logistics 's planned IPO and listing on the Dutch stock exchange, in which the container shipping line will "subscribe for mandatory convertible securities" valued at nearly $462m and appoint two members to the Ceva board . CMA CGM maintains 11.5% of world shipping capacity, but is under pressure from rivals such as China 's the Ceva board , which is in the process of acquiring Orient Overseas Container Line to give it greater market share.