CEVA Logistics confirms having received a non-binding letter of interest from DSV Dienstag, 23. Oktober 2018 - 18:23

CEVA Logistics AG / Key word(s): Takeover
CEVA Logistics confirms having received a non-binding letter of interest
from DSV

23-Oct-2018 / 18:22 CET/CEST
Release of an ad hoc announcement pursuant to Art. 53 KR
The issuer is solely responsible for the content of this announcement.

---------------------------------------------------------------------------

CEVA Logistics confirms having received a non-binding letter of interest
from DSV

Baar, Switzerland, 23 October 2018 - The Board of Directors of CEVA
Logistics AG confirms having received a non-binding letter of interest with
an indicative offer price of CHF 30 per share by DSV at the end of last
week. The Board of Directors has been analysing, with the support of its
advisors, diligently and seriously DSV's proposal and engaged with the
bidder to allow CEVA Logistics more time to review the new proposal. While
the CEVA Logistics' Board of Directors was considering all the options in
the interest of the company and all the shareholders and stakeholders it
notes the withdrawal of DSV's proposal.


For additional information please contact:
Investors:
Pierre Benaich
SVP Investor Relations
pierre.benaich@cevalogistics.com
+41 41 547 0048

Media:
Matthias Hochuli
Group Head of Marketing and Communications
matthias.hochuli@cevalogistics.com
+41 41 547 00 52

Cathy Howe
Pilot Marketing
ch@pilotmarketing.co.uk
Tel: +44 (0)208 941 5381


CEVA - Making business flow
CEVA Logistics, a global asset-light third-party logistics company, designs
and operates industry leading supply-chain solutions for large and
medium-size national and multinational companies. Its integrated network in
Freight Management and Contract Logistics spans more than 160 countries.
Approximately 56,000 employees are dedicated to delivering effective
solutions across a variety of industry sectors where CEVA applies its
operational expertise to provide best-in-class services. CEVA generated
revenue of $7 billion and adjusted EBITDA of $280 million in 2017. CEVA
Logistics is listed on SIX Swiss Exchange under ticker symbol CEVA. For more
information, please visit www.cevalogistics.com.


---------------------------------------------------------------------------

End of ad hoc announcement

---------------------------------------------------------------------------