2023-10-04 16:54:00
Published on Oct 4, 2023 at 6:54 p.m.
PARIS (Agefi-Dow Jones)–The distributor of cultural products and household appliances Fnac Darty and Ceva Logistics, a subsidiary of the shipowner CMA CGM, announced on Wednesday that they had signed an agreement to create a joint venture dedicated to logistics for e-commerce.
Called Weavenn, this company would be owned equally by the two partners and might be operational from 2024, “subject to approval by the competent authorities”, indicated Fnac Darty and Ceva Logistics in a press release.
“Within five years, the turnover of the joint venture might amount to more than 200 million euros and display a double-digit operating margin,” added the two groups.
-Vincent Alsuar, Agefi-Dow Jones; +33 (0)1 41 27 47 39; [email protected] ed: LBO
Agefi-Dow Jones The financial newswire
Dow Jones Newswires
October 04, 2023 12:54 PM ET (4:54 GMT)
Which stocks to buy?
Making the best investments requires detailed knowledge of the markets, their mechanisms, the economy and involves delving into the heart of the strategy of each listed company. The Investir editorial team does it for you and provides its subscribers with advice on more than 800 stocks. Benefit from their buy, speculative buy, spread or sell recommendations by subscribing to Investir.
I discover the offers
1696443553
#Fnac #Darty #Ceva #Logistics #signed #agreement #create #joint #venture
