CMA CGM announced last month that it had come to terms with its banks, which have provided, as an intermediate step, a credit line of $500 million. This will allow the company to continue its restructuring efforts, which involves the restructuring of its debts, raising new equity and the cancellation or postponement of newbuildings currently on order in Korean shipyards.
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Tags: · Christian Garin, CMA-CGM, Denis Ranque, Farid Salem, Jacques Saade, Jean-Yves Schapiro, Philippe Soulie, Pierre Ballon, Rodolphe Saade, Tristan Vieljeux
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