DSV and CMA rob CEVA, Geod IS plans a big acquisition

Published in:2018-10-15




Geod is France Jorda, who was the first to be bought by the scandal, stopped abruptly in the last step of last fall for unknown reasons, or Dafa was involved at that time. Dafa, who led the industry with a net profit of US $ 700 million in 2017, is indeed a relatively better choice and more complementary for CEVA. Try the best endorsement guarantee for the success of the second IPO. CMA's 25 % stake in CEVA Logistics is targeted at the world's leading comprehensive logistics provider.

 Today, French media reported that Geod IS is still looking for a big acquisition opportunity, or is already in contact with it. The CEO revealed the ideal target screening criteria, Le Groupe Est en Qu, Te D' une Entreprise Pesant Entre 1,5 ET 2 Milliards D' Europe de Chiffre D' Affair, et Dont L' Impact Lu I Permaite De Renforcer en Allen Aux Payments - bas.

 Annual turnover is between 1.5 billion and 2 billion euros

 To strengthen the building of a second local market, especially in Germany and the Netherlands

 The acquisition or merger cannot affect France's business

 In the United States and China, we should also enhance our sense of presence

 The closer ones are the stripped DAM CO, Agility, DACH SER, Helle Mann, Bollo Re and Ceva, etc. Which one do you think will be?

 After the perfect integration of UTI, DSV, the world's fifth freight forwarder in 2017, has also been looking for suitable prey. Apart from DAM CO in the scandal, it just filed an acquisition application for CEVA as a public company disclosure announcement, which is part of the DSV Group's strategic acquisitions plan, but was rejected by CEVA's board of directors.

 Ceva's board of directors said the offer of 27.75 Swiss francs ( US $ 28 ) per share was too low. After legal and financial consideration of the offer, it was agreed that it was not in the best interests of the company and its shareholders.

 DSV said it had already given CEVA shareholders a very attractive purchase price, a 50.7 % premium to CEVA's 18.42 share price on the same day.  DSV has long respected CEVA's business. The best interests of the stakeholders of the two companies should be to merge, then expand service products together and create additional scale advantages. I believe the merger will bring great value to all stakeholders.

 If the merger succeeds, it is expected to surpass Sinotrans and approach DB Schenker.  Although F Lemming Ole Nielsen, DSV's executive vice president of investor relations, will not comment on whether he is considering another attempt to acquire CEVA in the future, most shipping companies think DSV will definitely not be willing and time may change everything.

 However, CMA has already expressed its support for CEVA's board's proposal to decide DSV and expects to increase its shareholding from 24.99 % to 33.33 % immediately on November 5.

 Ceva's share price also rose 34.36 % on the same day because of DSV's acquisition intention!  In contrast to the global stock market, especially China.  Write here, the whole person is not good again, the loss of these days is enough to come out several times.