Divestment brings CMA CGM profit of USD 408 million
French CMA CGM increased its profits to USD 408 million in 2013, a 22.8 percent improvement.
BY OLE ANDERSEN
The world's 3rd largest container carrier and future partner in the P3 alliance - with Maersk Line and MSC - French CMA CGM improved its net profits by 22.8 percent in 2013, to a total USD 408 million. This significant improvement can be partially attributed to the carrier's divestment of a 49 percent stake in the group's terminal division, Terminal Link.
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