Macron calls for ‘suspension’ – CMA CGM's $20bn US investment in doubt
CMA CGM’s much-heralded $20bn investment in the US could be in doubt after French president ...
UPDATED TO INCLUDE GEFCO COMMENT
CMA CGM is said to be poised to acquire French automotive and industrial logistics firm Gefco, currently 75%-owned by Russian Railways (RR).
The Russian state utility has been on the EU and US trade sanctions lists since late-February following Russia’s invasion of Ukraine.
With a presidential election around the corner, the French government has been heavily involved in brokering a deal, its priority is to keep the company in French hands and anchored to a strong financial partner.
A ...
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