France's CMA CGM to buy Borusan's logistics unit in $440M deal

Apr. 27, 2025 11:54 AM ETUS Dollar / Turkish Lira (USD:TRY)By: Rob Williams, SA News Editor
(2min)
Aerial top view container ship in export and import business and logistics. Shipping cargo to harbor by crane

ttart/E+ via Getty Images

Turkish conglomerate Borusan agreed to sell its logistics and supply chain arm to France’s CMA CGM Group for $440 million, according to a company statement released Saturday.

Borusan signed a binding agreement with Ceva Logistics, a subsidiary of privately held CMA

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