Photo credit: CMA CGM Group

The Marseille-based CMA CGM Group, a global player in shipping and logistics, has entered into exclusive negotiations to acquire the transportation and logistics activities of Bolloré Logistics.

The negotiations are in line with the CMA CGM Group’s long-term strategy, based on the two pillars of shipping and logistics. The Group’s strategy is to offer end-to-end solutions in support of its customer’s supply chain needs.

According to the Group’s press release, if a deal is reached, the acquisition would further strengthen the CMA CGM Group logistics activities. However, the negotiations in no way guarantee an acquisition in the end.