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Yildirim increases stake in CMA CGM to 30%

Friday, June 22, 2012

Yildirim Group plans to acquire an additional 10 percent interest in CMA CGM this year by investing another $250 million in the French container shipping company. Yildirim, which is based in Istanbul, purchased a 20 percent interest in CMA CGM in 2010 for $500 million and had an option to acquire an additional 10 percent for $250 million, which Robert Yuksel Yildirim, president of Yildirim Holding Inc., said has been called by CMA CGM. He said the inves...

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