CMA CGM sells first eight ports in refinancing plan

French container line CMA CGM has carried out the first part of the refinancing plan the carrier announced in November. It demonstrates the group's resilience, says Chair and CEO Rodolphe Saadé.

Photo: PR / CMA CGM

CMA CGM has sold the first eight ports in the major plan presented by the shipping and logistics group in November last year.

The plan, worth a total of USD 2.1 billion, is meant to strengthen CMA CGM's liquidity and debt position, which have been under pressure since the company acquired Swiss logistics firm Ceva in late 2018.

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