CMA CGM to raise $2 billion from port terminal, ship sales to fund CEVA deal
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PARIS (Reuters) - Shipping group CMA CGM said it planned to raise $2 billion (1.5 billion pounds) to help finance its takeover of CEVA Logistics, with half the cash coming from selling port assets to its joint venture with China Merchants Port Holdings Co. .France-based CMA CGM, the world's fourth-largest container shipping company, bought CEVA this year to expand in land logistics, valuing the firm at about $1.7 billion.CMA CGM said it was pushing back some of Switzerland-based CEVA's financial..