France Strategic Fund May Take Stake in CMA CGM, JDD Reports
France’s sovereign investment fund, known as FSI, may take a stake in CMA CGM SA, the world’s third- largest container shipper, Le Journal du Dimanche reported, without saying where it obtained the information.
CMA CGM is seeking 150 million euros ($198 million) in capital after incurring a 23 million-euro loss last year, the newspaper said. CMA CGM has about 4 billion euros in debt and 11 billion euros in annual sales, according to the report.
To contact the reporter on this story: Mark Deen in Paris at firstname.lastname@example.org
To contact the editor responsible for this story: Vidya Root in Paris at email@example.com