M&A radar: CMA CGM – 'it's your turn to deal now, darling'
CMA CGM builds a war chest – PIL anybody? – pending credit fillip
Here is a press release issued by Singapore’s Pacific International Lines (PIL) today.
Heliconia Capital is a wholly owned subsidiary of Temasek which, as expected, came to the rescue joining a full capital restructuring that for PIL is necessary as “the persistent Covid-19 pandemic has caused the situation to worsen over the past month”.
Our full PIL coverage can be found here.