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Sovereign Wealth Funds Briefing - Categorized | Investment

French government may help CMA CGM

Posted on 03 December 2009

From Joc.com: The government could help CMA CGM by providing funds from the state-run Strategic Investment Fund, set up to assist key French firms weather the global economic downturn.

The government also is under pressure from the French shipowners’ association to establish a $1.8 billion fund to help carriers meet banks’ demands for extra collateral to cover the fall in the value of ships they have ordered……………………………Full Article: Source

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