Paris Office Advises CMA CGM in Investment by FSI

October 26, 2012

French sovereign fund Fonds Stratégique d’Investissement makes $150 million minority investment in CMA CGM, the world’s third largest container shipping group.

It was recently announced that Willkie client CMA CGM, the world’s third largest container shipping group, has entered into an agreement with French sovereign fund Fonds Stratégique d’Investissement (FSI), whereby FSI will invest $150 million in CMA CGM through the subscription of bonds redeemable in shares. This transaction will ultimately grant FSI a 6% stake in CMA CGM’s capital. The Yildirim group, already a shareholder of CMA CGM, will also invest an additional $100 million, enabling it to ultimately hold a total 24% stake in CMA CGM’s capital. The deal was handled by partner Daniel Hurstel, national partner Julien Mougel, special European counsel Grégoire Finance, and associates Laure Pistre and Marion Bellemin. Partner Jacques-Philippe Gunther and associate Adrien Giraud handled antitrust aspects of the matter.