US logistics firm CEVA acquires Turkish Borusan’s supply chain subsidiary for $440M - Türkiye Today

CMA CGM strengthens position in Turkey with $440m logistics acquisition

CEVA Logistics, a subsidiary of French liner CMA CGM, is buying Borusan Tedarik Zinciri Çözümleri ve Teknoloji Anonim Şirketi, a Turkish outfit, for $440,.   The deal, which includes Borusan Tedarik subsidiaries in Germany, Bulgaria, Hong Kong and China, remains subject to customary closing conditions and regulatory approvals. Mathieu Friedberg, the CEO of CEVA Logistics, …

CMA CGM To Acquire Turkish Borusan's Logistics Subsidiary In $440 Mln Deal

April 27 (Reuters) – French shipping giant CMA CGM’s subsidiary CEVA Corporate Services has signed a deal to acquire Turkish conglomerate Borusan’s BRYAT.IS logistics arm, Borusan Tedarik Zinciri Cozumleri ve Teknoloji, for $440 million, according to...

CEVA Logistics signs binding agreement to expand in Turkey - Fully Loaded

CEVA Logistics has agreed to a share transfer agreement for 100 per cent of Borusan Tedarik. Image: CEVAGlobal company CEVA Logistics has signed a binding agreement to acquire 100 per cent of shares in Turkish logistics business Borusan Tedarik Zinciri Çözümleri ve Teknoloji Anonim Şirketi.  The agreement, with a total transfer price of $440 million (USD) will need to pass the usual closing conditions and regulatory approvals before being finali…

CMA CGM to Acquire Turkish Borusan's Logistics Subsidiary

French shipping giant CMA CGM's subsidiary CEVA Corporate Services has signed a deal to acquire Turkish conglomerate Borusan's logistics arm, Borusan Tedarik Zinciri Cozumleri ve Teknoloji…

US logistics firm CEVA acquires Turkish Borusan’s supply chain subsidiary for $440 Million

CEVA Logistics, a U.S.-based global logistics company, has signed an agreement with Turkish conglomerate Borusan Holding to acquire all shares of its logistics subsidiary for $440 million. According to a disclosure submitted by Borusan Yatirim to Türkiye’s Public Disclosure Platform (KAP) on Saturday, the transfer of Borusan Tedarik’s shares to CEVA will be finalized following approval by the Turkish Competition Authority. Borusan Tedarik has pr…

Borusan Supply to be sold to CEVA Logistics