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Sovereign Wealth Funds Briefing - Categorized | Investment

France sovereign fund mulls shipping firm investment

Posted on 29 October 2010

From Reuters: France’s sovereign wealth fund is considering an investment in indebted French shipping company CMA CGM alongside Turkish conglomerate Yildirim, a spokesman for the fund said on Thursday.
Marseille-based container shipping line CMA CGM, which began talks with lenders a year ago on over $5 billion of debt after being hit by an industry wide slump, has already agreed a $500 million investment from Yildirim, according to three sources close to the deal……………………………………….Full Article: Source


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