CMA CGM plans to sign an agreement with investors by end of July

CMA CGM Group has a few additional weeks to complete its capital increase with external investors. The discussions, which are well advanced, require the preparation of particularly complex documents. CMA CGM Group’s operational activity has sharply improved since the beginning of the year. Over the first quarter, volumes carried rose 21% compared with the year-earlier period, while EBITDA stood at $380 million, up $640 million year-on-year and in line with first-quarter 2008. Quarterly revenue was up by 29% to $3.2 billion. Second-quarter results will exceed first-quarter figures.