CMA CGM has secured a €1.05bn loan from BNP Paribas, HSBC and Société Générale, backed by the French government.
The new debt comes under France’s state-guaranteed loan scheme, established at the end of March in response to the Covid-19 pandemic.
The state has guaranteed 70% of the loan, which has an initial one-year maturity and an extension option for up to five years.
The company said the new funding was obtained to “further …
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