The world’s third largest container company CMA CGM has moved considerably closer to an initial public offering. The company has completed the financial restructuring process which it commenced a year ago.
“The finalization of the debt restructuring combined with new equity injection from FSI and Yildirim Group and the sale of 49% of Terminal Link will allow CMA CGM to operate with the required financial flexibility and constitutes key milestones before contemplating an IPO,” wrote Rodolphe Saadé, CMA CGM’s Executive Officer in a press release sent to ShippingWatch on Tuesday morning.
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