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By Alex Lennane
CMA CGM is in the news again – it has restructured its $4.6bn debt. According to an FT article (which you might not be able to access), its recent sale of a 49% stake in Terminal Link was part of an asset disposal programme that the banks had insisted upon for its restructuring plan. The Saadé family, which owns the container shipping line, is diluting its stake in the business to 70%, and CEO Rodolphe Saadé said the company is planning an IPO in the medium term.
