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French government invests in CMA CGM

Wednesday, October 17, 2012

CMA CGM said Tuesday the French Government's sovereign wealth fund, Fonds Stratégique d’Investissement (FSI), has agreed to subscribe into $150 million in bonds which are convertible into a 6 percent stake in CMA CGM. CMA CGM, the third largest container shipping company in the world, also said Yildirim Group will subscribe to $100 million in bonds, convertible into a 4 percent stake in CMA CGM upon conversion. “We are very pleased to have reached an agreement wi...

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