Comment / M&A radar: Waiting for a PIL deal, Santa comes early for CMA CGM, Hapag & Zim

It’s not an epic fantasy trilogy but reality now, as two carriers’ celebrations that started last week enlarged to include a new cheerful member, Israel’s Zim, switching to full binge mode in the past 48 hours.

Now read this (emphasis in bold added):

“CMA CGM is taking advantage of strong shipping markets to sell €525m of new bonds to replace existing bond debt which falls due on 15 January next year. The new targeted senior unsecured bonds will mature in 2026, with the ...