CMA CGM is taking a stake in compatriot company Brittany Ferries to help the shortsea operator recover from its loss of passenger traffic during the Covid-19 pandemic.
The French container giant said it will make a €25m ($30m) investment in Brittany Ferries, the largest ferry company operating under the French flag, that includes €10m ($12m) in quasi-equity. A representative of CMA CGM will join the ferry firm’s supervisory board.
