February 12, 2019 / 11:30 AM / 6 days ago

BRIEF-CMA CGM has target for Ceva to break even in 2019

Feb 12 (Reuters) - CMA CGM/Ceva:

* CMA CGM HAS TARGET FOR CEVA TO BREAK EVEN IN 2019 - CFO

* CMA CGM EXPECTS TO INVEST TOTAL OF AROUND 1.5 BILLION SWISS FRANCS IN ACQUIRING CONTROLLING STAKE IN CEVA - CFO

* CMA CGM CFO SAYS FORWARD SHARE PURCHASES WILL ALLOW GROUP TO REACH 50 PCT THRESHOLD IN CEVA LOGISTICS WHATEVER OUTCOME OF ITS SHARE OFFER (Reporting by Gus Trompiz)

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