Ceva Logistics AG (SWX:CEVA) agreed in principle to acquire CMA CGM Logistics SA from CMA CGM S.A. for approximately $110 million on October 25, 2018. Ceva Logistics AG (SWX:CEVA) signed an agreement to acquire CMA CGM Logistics SA from CMA CGM S.A. on December 31, 2018. The purchase consideration will be paid in cash on a cash and debt free basis. In a related transaction, CMA CGM S.A. has launched a tender offer to acquire Ceva Logistics on October 25, 2018. Post the transaction, CMA CGM Logistics into CEVA freight management business line. The transaction is subject to regulatory approvals, confirmatory due diligence and legally required consultation processes and subject to the completion of the PTO. The transaction is expected to close in the second quarter of 2019. Morgan Stanley acted as financial advisor to CEVA Logistics. SG CIB acted as financial advisor to CMA CGM. BNP Paribas acted as financial advisor to CMA CGM. Dieter Dubs, Michael Trippel, Fabienne Perlini-Frehner, Silvio Grunder, Antonio Calvo, Arnaud Philippe, Alexander von Jeinsen, Nina Sauerwein, Diana Bellido Gomes, Valentina Eichin, Frédéric Mancosu and Jonas Bornhauser of Bär & Karrer Ltd. acted as legal advisor to CEVA Logistics. Ceva Logistics AG completed the acquisition of CMA CGM Logistics SA from CMA CGM S.A. on October 1, 2019.