French government invests in CMA CGM

   CMA CGM said Tuesday the French Government’s sovereign wealth fund, Fonds Stratégique d’Investissement (FSI), has agreed to subscribe into $150 million in bonds which are convertible into a 6 percent stake in CMA CGM.
   CMA CGM, the third largest container shipping company in the world, also said Yildirim Group will subscribe to $100 million in bonds, convertible into a 4 percent stake in CMA CGM upon conversion.
   “We are very pleased to have reached an agreement with the FSI and of the Yildirim Group’s renewed support. This agreement is an important milestone for our group and demonstrates FSI and Yildirim’s level of confidence in its future,” said Jacques R. Saadé, CMA CGM’s chairman and chief executive officer…