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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.

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