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CMA CGM expands in UK with acquisition of Wincanton logistics company

2024-01-22 00:00

French maritime transport titan, CMA CGM, has announced its acquisition of the UK-based logistics firm, Wincanton. The deal, valued at approximately £569 million, forms part of CMA CGM's strategy to broaden its reach in the UK and Ireland.

The agreement, brokered between CMA's subsidiary, CEVA Logistics UK Rose Limited, and Wincanton plc, is based on a cash offer equivalent to

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