J P M O R G A N Europe Credit Research 08 July 2026 Train of Thought: European Transportation Credit Update EZJLN takeover offer latest; Maersk/Hapag signal first steps towards Suez canal return This week we summarise the latest run of M&A headlines, including the agreement in principle reached between Castlelake and easyJet (following a fifth offer from Castlelake), CMA CGM's acquisition of FedEx's Supply Chain business and Thales's plans to acquire French sea-drone maker Exail Technologies. We also flag t ...