Major French carrier plans 2014 IPO

If the financial results are solid and the capital market behaves, French CMA CGM aims for an IPO by the end of 2014, says Managing Director Rodolphe Saade.

French CMA CGM, the world's third-largest container carrier, has an initial public offering planned for the end of 2014 if the carrier can continue to deliver solid financial results, and if the market conditions allow it, says Managing Director Rodolphe Saade, son of the family-owned shipping company's CEO since 1978, Jacques Saade, in an interview with American Journal of Commerce.

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