CMA CGM to acquire Fattal Group
✦ NabkaNews BriefAuto-summarized from multiple outlets · verify with the source
CMA CGM is acquiring the Fattal Group, with reports indicating a full acquisition of 100% of the company. The move is expected to strengthen CMA CGM's logistics capabilities, particularly in the Middle East and North Africa (MENA) region. The terms of the acquisition, including the purchase price, are not consistently reported across outlets, with one mentioning a separate deal involving FedEx's contract logistics unit for $1.4B.
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