Subscribe to RSS feedCMA CGM misses restructure deadline
by
Andrew Spurrier and Janet Porter - Lloyd's List
—
last modified
Dec 16, 2009 11:30 AM
CMA CGM has again overshot its target date for completing talks with its banks on restructuring its US$5.6bn debt.
Photo: Dale Crisp
The French container shipping group, which had originally signalled a mid-November date, told its employees last month that it needed to get agreement on certain key measures by December 15.
Yesterday, however, the group admitted that it had not yet concluded...
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