CMA CGM Group has announced an agreement with STEF Group to acquire a 100% stake in La Méridionale.

CMA CGM Group is a major operator in the world of logistics and shipping, with this acquisition, it wishes to pursue its development in the Mediterranean while strengthening the position of the port of Marseille and the French shipping industry. La Méridionale's growth possibilities will be restored by the Group, which plans to bring the company around. In order to achieve this, it will foster business complementarities both domestically and abroad, focusing on the RORO service to Morocco, all the while protecting the positions of French sailors on board its ships. It will also make investments in the fleet and energy transformation of the maritime company. 

The execution of the share transfer agreements, information provided to and consultation with the employee representative bodies, and approval from the various competition authorities are all prerequisites for the conclusion of this transaction.