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CMA CGM earmarks one third of its billion euro loan for Ceva Logistics

Close to one third of the state-guaranteed loan that CMA CGM recently secured will be sent towards Ceva Logistics. The Ceva acquisition has created a significant debt burden for the container line.

Photo: Ceva Logistics

When CMA CGM recently secured a new state-guaranteed loan of a little over EUR 1 billion, it meant that Ceva Logistics can also look forward to getting more money.

One of the terms of the loan with the shipping line's banks is that CMA CGM commits to using a total of EUR 300 million on recapitalizing Ceva Logistics, and this effectively earmarks close to one third of the loan for Ceva.

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