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Bolloré’s Polynesia subsidiary has been put up for sale by new parent CMA CGM, claiming local regulators forced its hand.

Concerned over the emergence of a regional monopoly, the Polynesian Competition Authority (APC) warned CMA CGM it would block its acquisition of Bolloré unless it terminated its Panama Direct Line service or sold Bolloré’s Polynesia business.

The acquisition went ahead after a commitment by the French group to the APC and the EC it would sell ...

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