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Tag Archives: CMA CGM bank loan

CMA CGM take $1.1 billion French government loan to boost cash during crisis

REUTERS, May 14, 2020 PARIS (Reuters) – Shipping group CMA CGM has obtained a 1.05 billion euro ($1.1 billion) loan to be 70% guaranteed by the French government as it seeks to bolster its cash position during the coronavirus pandemic, which has hammered international trade. The loan, secured from a consortium of banks comprising BNP Paribas (BNPP.PA), HSBC (HSBA.L) and …

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