Independent journal on economy and transport policy
19:02 GMT+2
SAADE CONSOLIDATES CONTROL OF CGM
(Fairplay)
September 8, 1997
Merit France, the holding company 100 per cent owned by Jacques Saade and which has a majority stake in Compagnie Maritime d'Affretement (CMA), is to take a full and direct control of Compagnie Generale Maritime (CGM). CMA, which currently owns 90 per cent of CGM, is to sell its stake totalling 11,483,531 shares to Merit France. CMA and CGM will now become ...... Read more on Fairplay
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