CMA CGM has landed a huge cash investment from Turkey's Yildirim Group in exhange for a large slice of the French owner.
The Istanbul-based conglomerate has handed over $500m for a fifth of the liner giant which has been looking to restructure its large debts.
The Turkish outfit has also managed to negotiate three seats on the French owner's board.
The investment from Yildirim had been on the cards since October but was only confirmed by Marseilles-based CMA CGM in a statement on Thursday evening.
"The
