Hints and tips:
...Rodolphe Saadé, owner and chair of the Marseille-based company, said the CMA CGM’s schedules were being hit because of rerouting, delays waiting for Red Sea passage and build-ups at ports....
...JPMorgan has named Alex Bruce as head of Emea M&A for its financial sponsors group, and tapped Nitin Maheshwari as head of Asia-Pacific strategic investors group M&A....
...There’s also German metals company Aurubis and its Japanese peer Nippon Steel, South Korean construction business Samsung C&T, and French shipping company CMA CGM....
...Rodolphe Saadé, head of Marseille-based shipping group CMA CGM, described Bonnafé as a straight talker: “He says things the way he sees them . . . when something is not possible he’ll say so”....
...Investec has hired Jefferies’ head of general industrials M&A Marc Potel as head of industrials M&A....
...Container shipping groups from Mediterranean Shipping Company and AP Møller Maersk to CMA CGM and Hapag-Lloyd have experienced a “once in a lifetime” market boom....
...But there are also some new players, including an intriguing consortium of prominent French entrepreneurs led by Rodolphe Saadé, whose family owns maritime transport group CMA-CGM, Stéphane Courbit of TV...
...Latest news The French group CMA CGM is buying a container terminal operator at the port of Los Angeles, which has been hit hard by the chaos in global shipping Ford sales continue to recover with signs...
...Some got far more: €5bn to carmaker Renault, €4bn to airline Air France, and €1bn to shipping group CMA-CGM. The state granted its guarantee to most borrowers with no strings attached....
...On top, the M+A driven rerating in European Classifieds is less applicable to Rightmove given its premium valuation and single market exposure relative to European peers....
...The debt market is now pricing in material uncertainty around an upcoming €725m bond maturity for CMA CGM, even though the French shipping group has stressed that it has enough cash to repay the bond without...
...However, we expect the CMA to see this as more due to the level of care than level of cost....
...Our small estimate changes reflect less net M&A contribution in 2019, which flows through into 2020....
...some catch-up M&A in 2021, we would expect a lower amount in 2020-21 versus our previous forecasts....
...The dividend is suspended, the M&A programme is suspended and combined with the cost savings, that should save £500m of cash. ......
...But perhaps more serious for Maersk was news last year that one of its main rivals, CMA CGM, had bought a big stake in Ceva Logistics. “I always thought Maersk would be getting involved in larger M&A....
...A recent order from French shipping group CMA CGM for nine of the world’s largest container ships, worth about $1.4bn, went to two Chinese shipyards....
...There are also negotiations with the Port of Singapore and French shipping group CMA CGM for an East Port Said container terminal....
...France’s CMA CGM is to buy Singapore’s Neptune Orient Lines for $2.4bn in one of the biggest acquisitions in the shipping container industry in years....
...Tuesday’s alliance between Maersk Line and two competitors – Mediterranean Shipping Co and CMA CGM – tells a more nuanced story....
...Rodolphe Saadé, executive officer CMA CGM, says the structure was set up after talks with the European, US and Chinese regulators....
...Few of the small army of German private investors who have underwritten container shipping’s recent rapid expansion will ever visit the headquarters of Maersk Line, CMA CGM, Hapag-Lloyd or any other big...
...Among container lines, France’s CMA CGM has enough orders to expand its fleet capacity 59.7 per cent, China’s Cosco plans an 88.6 per cent expansion, Korea’s Hanjin 71.7 per cent....
...CMA CGM takes risks, he accepts, but he puts it down to his company’s remaining, like MSC, controlled by its founding family. Instead, he insists, the new ships will cut CMA CGM’s costs....
...On a triangular island where traffic pouring southward into the city of Marseilles divides, the CMA-CGM tower thrusts skyward in a glittering statement of confidence....
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