April 20, 2018 / 5:50 AM / 3 months ago

Ceva Logistics aiming for May 4 floatation

ZURICH, April 20 (Reuters) - Transport firm Ceva Logistics on Friday set its launch on the Swiss stock exchange for May 4 with a projected share price of 27.5 Swiss francs to 52.5 Swiss francs. Ceva Logistics, owned by private equity firm Apollo, aims to raise 1.2 billion Swiss francs ($1.23 billion) in an all-primary share offering. The company said CMA-CGM Group had also committed to invest up to 450 million francs in CEVA by purchasing mandatory convertible securities in a concurrent private placement.

$1 = 0.9725 Swiss francs Reporting by John Revill; editing by Brenna Hughes Neghaiwi

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