The consortium of banks of CMA CGM today signed an agreement to release US$80 million in financing to the Group.
This financing is part of an overall restructuring plan and for which a US$500 million cash facility is required.
The payment is made at a time when the group’s operations are continuing to show strong improvement month after month, the company said.
CMA CGM is the world’s third largest container shipping company and operator of the Malta Freeport.