Economics
CMA CGM Shipping Company Founder Jacques Saade Dies at 81
- Lebanese-born Frenchman started closely held firm in 1978
- Acquisitions created third-largest container shipping line
This article is for subscribers only.
Jacques Saade, who fled from war in Lebanon in the 1970s to become a billionaire shipping magnate in France, has died. He was 81.
Saade died Sunday, his Marseille-based company, CMA CGM SA, said in a statement.