CMA CGM plans to raise more than $2bn in cash by mid-2020 through the sale of assets to help finance its acquisition of Swiss group Ceva Logistics.
The Rodolphe Saade-led containership operator will raise $860m from a vessel sale-and-leaseback programme and a further $969m from the sale of its terminal business.
The French liner operator raised $650m in the third quarter from sale and leasebacks, with an additional $210m scheduled to close over the coming weeks.
