CMA CGM obtained a €1.05bn ($1.14bn) bank loan backed by the French government to help it weather an expected 10% drop in its business due to the impacts of the coronavirus, the major liner company said on Wednesday.
France is guaranteeing 70% of the loan, which is extended by major local lenders BNP Paribas and Societe Generale, as well as HSBC, a global bank.
