CMA CGM and STEF: negotiations to acquire La Méridionale

By 10 February 20232023 Newsletter week 6
February 10, 2023

The Stef Group has confirmed to Le Figaro that it has started preliminary discussions with the CMA-CGM Group regarding the potential acquisition of its maritime activities, which are centered around the company La Méridionale, with 600 employees.

Stef specified that these discussions are in an early stage and that the proper procedure, including informing and consulting the social and economic council of La Méridionale, which will be meeting next week, must be followed.

The acquisition of these ferries, which dock at the foot of the CMA-CGM tower in Marseille, would mark the shipping company’s return to the passenger maritime transport market after selling luxury cruise line Ponant in 2015.

La Méridionale operates connections between Marseille and Corsican ports for both passengers and freight. It recently obtained a renewal of its public service delegation with Corsica Linea for these connections until 2029.