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Finance / France

French Container Line On Course For US$1bn QIA Injection

July 2010 | Corporate Financing Analysis

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French container line CMA CGM is reportedly set to receive a US$1bn injection from the Qatar Investment Authority (QIA). CFW notes that if such a deal with QIA or another party were to go through then the company's debt burden of US$5.3bn would be lessened and, coupled with the line's encouraging financial results, this would set CMA CGM back on track.