Logistics giant Wincanton to go private in £560m mega deal

Wincanton lorry

Source: Wincanton

Wincanton is set to be snapped up by French shipping giant CMA CGM and delisted from the London Stock Exchange in a deal worth over £560m.

The logistics firm has been the backbone of the UK’s grocery supply chain for almost a century but confirmed today it would be sold to shipping group CEVA, which is part of CMA CGM − owned by French Lebanese shipping magnate Rodolphe Saadé.

 

Already have an account?

Want to read more?

Register for LIMITED guest access

Register now

Get premium access

£5 A MONTH for 3 months

Subscribe now