Families Behind Shipping Giant Get $3 Billion Windfall
- CMA CGM container line reported record nine-month profits
- Rodolphe Saade and family control Marseille-based transporter
Rodolphe Saade.
Photographer: Christophe Morin/BloombergThis article is for subscribers only.
The owners of closely held French shipping giant CMA CGM SA received $3 billion in dividends this year as profits spiked to unprecedented levels.
The payout to shareholders, including France’s Rodolphe Saade and family, was disclosed in the company’s financial statement for the nine months through Sept. 30. The dividends related to 2021 and the first half of this year.