CMA CGM regarding a possible saving by the Belgian financier have been stopped. This is according to sources close to the case. The discussions were stopped because of the rights required by Frère as the future new shareholder. It is not clear whether the discussions are definitely off.
According to a spokesman of CMA CGM, one of the largest container companies in the world, the group is having discussions with a number of investors in order to finalise an arrangement quickly. Trade union sources mentioned at the end of July, that Frère, together with a French government fund would invest 500 million dollar in the shipowner and in this way would control 30 percent of the capital.
CMA CGM suffered severely as a result of the economic crisis. However, the first quarter showed a profit again thanks to the recovery of the world trade.
According to a spokesman of CMA CGM, one of the largest container companies in the world, the group is having discussions with a number of investors in order to finalise an arrangement quickly. Trade union sources mentioned at the end of July, that Frère, together with a French government fund would invest 500 million dollar in the shipowner and in this way would control 30 percent of the capital.
CMA CGM suffered severely as a result of the economic crisis. However, the first quarter showed a profit again thanks to the recovery of the world trade.