rodolphe-saade

CMA CGM restructuring complete

Shipping line CMA CGM has finalised its financial restructuring launched about a year ago, including an agreement with its banks on its debt restructuring. The French Fonds Stratégique d’Investissement will subscribe to bonds giving right to a 6% stake in CMA CGM upon conversion, while the Turkish Yildirim Group will have bonds equivalent to a 4% stake in the line. The sale of 49% of the Terminal Link subsidary to ... [+]