Market sources tellTradeWinds the Jaques Saade-led liner giant is in the advanced stages ofnegotiations that could lead to a $150m equity injection from Fonds Strategiqued’Investissement (FSI) but note pen has not officially met paper.

The timing of theinvestment and other details remain unclear but some believe it would give FSIa 6% stake in the company and claim it would clear a path for the restructuringof some $4bn in debt as the overhaul is widely thought to be contingent on an infusion from outside backers.

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