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CMA CGM has secured a €1.05bn loan from BNP Paribas, HSBC and Société Générale, backed by the French government.
The new debt comes under France’s state-guaranteed loan scheme, established at the end of March in response to the Covid-19 pandemic.
The state has guaranteed 70% of the loan, which has an initial one-year maturity and an extension option for up to five years.
The company said the new funding was obtained to “further strengthen CMA CGM’s cash position in order to confront uncertainties ...
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