Home / Business and Economy / CMA CGM Eyes FedEx Logistics Unit for $1.4B Deal
CMA CGM Eyes FedEx Logistics Unit for $1.4B Deal
1 Jul
Summary
- CMA CGM is nearing a deal to purchase FedEx's logistics business.
- The acquisition is valued at $1.4 billion in cash.
- The report cites sources familiar with the matter.
French container shipping leader CMA CGM is reportedly nearing a significant acquisition, aiming to purchase FedEx's third-party logistics business. The proposed deal is valued at $1.4 billion and is expected to be an all-cash transaction.
Sources familiar with the ongoing negotiations shared these details, indicating that an agreement may be imminent. This potential acquisition signals CMA CGM's strategic move to bolster its logistics services and expand its market reach in the global supply chain sector.
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