(Update: details on CMA CGM’s latest investments and its presence in the capital of Eutelsat)
PARIS (Agefi-Dow Jones)–The maritime transport and logistics group CMA CGM declared on August 5 that it crossed the threshold of 5% of the capital and voting rights of Eutelsat and held 5.03% of the satellite operator, the Financial Markets Authority (AMF) said on Tuesday.
This crossing of thresholds results from an acquisition of shares on the market, specified the AMF.
The title of Eutelsat had fallen after the announcement on July 26 of a proposed merger with the British Internet service provider OneWeb. Eutelsat then specified that its main shareholders, in particular Bpifrance and the Fonds Stratégique de Participations, but also CMA CGM, supported the operation.
According to Les Echos, the Marseille shipowner entered the capital of Eutelsat in the fall of 2021, when the latter was the subject of a takeover offer from Patrick Drahi. CMA CGM, however, remained below the 5% threshold.
Contacted by the Agefi-Dow Jones agency, spokespersons for Eutelsat and CMA CGM were not immediately available to comment on this information.
CMA CGM, whose profits have soared in 2021 due to rising shipping prices, has announced several strategic investments in recent months, including the acquisition of the automotive logistics group Gefco and a 9% stake in the capital. of Air France-KLM.
Last year, the shipowner also entered into a partnership with the National Center for Space Studies (CNES) in order to develop new technologies in the fields of intelligent maritime routing and energy transition.
-Francois Schott, Agefi-Dow Jones; 01 41 27 47 92; [email protected] ed: LBO-VAL
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August 09, 2022 11:29 ET (15:29 GMT)