CMA CGM bags billion-euro loan with support from the French state

France's CMA CGM has secured a syndicated loan of EUR 1.05 billion from three banks. The loan is part of the French state's loan guarantee and helps to make it through the coronavirus crisis.

Photo: Benoit Tessier/Reuters/Ritzau Scanpix

CMA CGM has now made use of a loan guarantee from the French state aimed at helping the country's companies through the coronavirus crisis.

The French container shipping line has secured a loan of EUR 1.05 billion from a consortium of the three banks BNP Paribas, HSBC and Société Générale, says the company in a press release.

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