PARIS (Reuters) – CMA CGM has arranged a 1.05 billion euro ($1.1 billion) syndicated loan to be 70% guaranteed by the French government, the shipping and logistics company announced on Wednesday.
It said the loan was arranged by a consortium of banks BNP Paribas
CMA CGM said it expects a 10% fall in market volumes in the first half of 2020 versus a year earlier.
(Reporting by Sudip Kar-Gupta and Gus Trompiz; editing by Jason Neely)
