CMA CGM inks financial deal for $ 80 m

The consortium of banks of CMA CGM on Tuesday signed an agreement to release $80 million in financing to the Group, Exim News Service informs.

This financing is part of the overall restructuring plan whose negotiations are proceeding normally and which calls, in particular, for the grant of a $ 500-million cash facility.

This payment has been made at a time when the Group’s operations are continuing to show strong improvement month after month, said a release.

(Source: Transport Weekly)