CMA CGM nears $1.4 billion deal for FedEx logistics unit, FT reports
Yesterday 05:10
CMA CGM nears $1.4 billion deal for FedEx logistics unit, FT reports July 1 (Reuters) - French container shipping group CMA CGM is nearing a deal to buy FedEx's FDX.N third-party logistics business for $1.4 billion in cash, the Financial Times reported on Wednesday, citing people familiar with the matter.
(Reporting by Akanksha Khushi in Bengaluru; Editing by Sonia Cheema)