Ceva Logistics is the world’s 10th-largest freight forwarder, according to research group Armstrong & Associates, and manages more than 96 million square feet of warehouse space in more than 750 sites in the world. French carrier CMA CGM is to acquire a 25 % stake in Ceva Logistics , the Dutch supply - chain management firm , in an effort to expand its landside operations . The agreement is subject to Ceva 's planned IPO and listing on the Swiss stock exchange , in which the container shipping line will " subscribe for mandatory convertible securities " valued at nearly $ 462 m and appoint two directors to the Ceva board . CMA CGM has 11.5 % of world shipping capacity , but is under pressure from rivals such as China 's COSCO , which is in the process of acquiring Orient Express Container Lines to give it greater market share .
French carrier CMA CGM is to acquire a 25 % stake in Ceva Logistics , the Dutch supply - chain management firm , in an effort to expand its landside operations . The agreement is subject to Ceva 's planned IPO and listing on the Swiss stock exchange , in which the container shipping line will " subscribe for mandatory convertible securities " valued at nearly $ 462 m and appoint two directors to the Ceva board . CMA CGM has 11.5 % of world shipping capacity , but is under pressure from rivals such as China 's COSCO , which is in the process of acquiring Orient Express Container Lines to give it greater market share .