France · Competition
Four overseas territories were carved out of CMA CGM's Bolloré Logistics deal
CMA CGM closed its €4.85 billion Bolloré Logistics purchase in February 2024 after conditional EU clearance. The European Commission later approved Balguerie to buy a divestment package covering activities in Martinique, Guadeloupe, Saint Martin and French Guiana.
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Natural Earth land outlines and dashed land boundaries.
Select a pin to identify each territory covered by the purchaser approval.
Clearance and buyer approval were different decisions
The Commission cleared the transaction with conditions on 23 February. Its 15 July decision approved Balguerie as a suitable independent purchaser of the specified overseas business. The latter decision addressed implementation of a remedy after the global transaction announcement. Source 1 Source 3
What the divestment package included
The approved package covered legal entities and activities in air and sea freight forwarding and contract logistics in four territories. These activities sit between shippers, carriers and the services needed to move or store goods. The map represents each market with a reference city point. Source 1 Source 2
The closing announcement described a wider purchase
CMA CGM and Bolloré announced the sale of 100% of Bolloré Logistics on 29 February 2024 at €4.85 billion on estimated completion debt and cash. Their release noted that the transfer of the Swedish subsidiary still depended on foreign investment clearance. That approval condition was separate from the overseas competition remedy. Source 3 Source 1
CEVA reported integration on its own timetable
In July CEVA set out a plan for a single brand and a new product structure. CMA CGM later reported 2024 logistics revenue of US$18.4 billion, up 20.9%, and identified Bolloré Logistics integration as the main driver. The result is for the whole logistics segment rather than the divested activities. Source 4 Source 5