Automotive

CMA CGM To Acquire GEFCO

This Russia state-owned asset yard sale brought to you by sanctions?
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CMA CGM To Acquire GEFCO

The French shipping company, CMA CGM, announced they would acquire the Russian automotive logistics firm GEFCO, pending competition authority approval. The European Commission expects to approve the estimated $488M deal within a few months.  

GEFCO.

  • 75% controlled by state-owned Russian Railways.
  • 25% owned by carmaker Stellantis.
  • Employees 11,500 people in 47 European countries.

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