Subscribe to RSS feedRumours swirl as banks assess CMA CGM deal
NEGOTIATIONS on the restructuring of the US$5.6bn debt of container line CMA CGM looked to be moving towards the home strait last week at what promised to be a decisive meeting at the French finance ministry in Paris. There was confusion, however, over reports that investors had joined bankers at the meeting.
A source close to the talks said no private equity companies were present, contrary to several other local reports.
Progress coincided with unconfirmed reports that creditors had told CMA CGM to cancel some of the many ships it has on...
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