France's CMA CGM gets 1.05 billion euro loan partly backed by government
Reuters
Published May 13, 2020 02:32AM ET
PARIS (Reuters) - CMA CGM has arranged a 1.05 billion euro ($1.1 billion) syndicated loan to be 70% guaranteed by the French government, the shipping and logistics company announced on Wednesday.
It said the loan was arranged by a consortium of banks BNP Paribas (PA:BNPP), HSBC (L:HSBA) and Société Générale (PA:SOGN).
CMA CGM said it expects a 10% fall in market volumes in the first half of 2020 versus a year earlier.
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Written By: Reuters
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