Comment / On the wires: As it preps its next move, let's feel good about CMA CGM

“This transaction (…) is an important step in our 2.1bn U$ liquidity plan and will allow us to strengthen our balance sheet. Amid the high uncertainty created by the COVID-19 health crisis, the closing of this transaction as previously announced demonstrates the resilience of the CMA CGM Group.”

– Chairman and CEO Rodolphe Saadé, whose remarks were taken from “CMA CGM completes a first transaction (…) sale of eight port terminals to Terminal Link for $815m in cash”, dated 26 ...