French shipping company CMA CGM has completed the largest acquisition in its history with the €4.85bn ($5.24bn) purchase of Bolloré Logistics from The Bolloré Group. The purchase includes the entirety of the transport and logistics company, though the transfer of Bolloré Logistics Sweden is currently subject to foreign investment approval in Sweden. CMA CGM Chairman
Aldar Properties, one of the leading real estate developers, investors and asset managers in the UAE, is investing a further AED 1 billion to expand its logistics real estate business in Dubai and Abu Dhabi. Having first entered the logistics sector with the majority acquisition of Abu Dhabi Business Hub (ADBH) in 2022, this new
CMA CGM’s CEVA Logistics confirmed that it will not be pursuing Wincanton reporting in a stock exchange filing that it will not set aside its previous final cash offer. The acquisition would have more than doubled CEVA’s operations in the UK and Ireland. They were outbid by American company GXO, representing a setback for the
