CMA CGM enters Turkish market: Ceva Logistics buys Borusan’s logistics unit for $440 million.
French shipping group CMA CGM, through its subsidiary Ceva Logistics, has signed an agreement to acquire Turkish logistics company Borusan Tedarik Zinciri Çözümleri ve Teknoloji A.Ş., owned by the Borusan conglomerate. The deal is valued at $440 million, subject to working capital adjustments.
