CMACGM said it planned to raise funds to finance its takeover of CEVA Logistics

Shipping firm CMACGM has announced that it wanted to raise $2 billion (1.5 billion pounds) to help finance its takeover of CEVA Logistics, with half the funds coming from selling the port property to its joint venture with China Merchants Port Holdings Co.

CMACGM, the fourth largest container shipping company in the world, headquartered in France, bought CEVA this year to invest in land logistics, valuing the company at about $1.7 bi....