Subscribe to RSS feedCustomers told of restructuring plans
by
Michelle Wiese Bockmann, London
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last modified
Oct 15, 2009 03:04 PM
CMA CGM, has written to its customers advising that it has created a committee of its main lending banks to “consolidate the group’s financial position and ensure the financing for its growth strategy”.
Restructuring talks would be completed by November, the letter indicated, which was dated October 2 and signed by the group chief executive Farid Salem, and chief executives Rodolphe Saad and Jean-Mark Lacave.
A severe contraction of world trade had...
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