News / CMA CGM may have to sell a piece of Ceva as it faces limited liquidity options

CMA CGM could be forced to sell a minority stake in Ceva Logistics, barely a year after it took over the operator, as it seeks to reduce its growing debt mountain and improve its liquidity position.

As noted in this week’s Loadstar Premium, the French carrier’s reported core ebit of €1.13bn ($1.28bn) was overshadowed by its annual debt interest bill of €1.39bn.

And the French carrier is now faced with increasingly limited options as it bids to reduce its debt, according to ...