en.Wedoany.com Reported - French shipping giant CMA CGM recently announced that it has reached an agreement to acquire 100% of the shares of Lebanon's Fattal Group, aiming to expand beyond the shipping business and enhance control over downstream supply chains. The transaction is expected to be completed in the third quarter of 2026, subject to approval from relevant regulatory authorities.

The Fattal Group is a long-established family-owned enterprise operating in eight countries, with significant strengths in the warehousing, promotion, and distribution of consumer goods, pharmaceuticals, and cosmetics in the Middle East and North Africa region. This acquisition will give CMA CGM full control of this distribution business rooted in Lebanon, adding a substantial last-mile and regional distribution platform to its logistics division.

Rodolphe Saadé, Chairman and CEO of CMA CGM, commented on the acquisition: "This acquisition is a key milestone in our ambition to become a global leader in end-to-end logistics and supply chain solutions. By integrating Fattal's robust distribution platform, we are extending our capabilities downstream, getting closer to end markets and consumers." Caroline Fattal, Chairman of the Fattal Group, also noted that after more than a century of family ownership, choosing CMA CGM to drive the business forward is based on confidence in the group's ability to further expand upon the existing platform.

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