CMA CGM SA : CMA CGM signs of a Memorandum of Agreement with the French Fonds Stratégique d’Investissement (FSI)

October 16th, 2012 – CMA CGM, the world’s third largest    container shipping Group, and the Fonds Stratégique    d’Investissement (FSI), have announced today that they entered    into a Memorandum of Agreement supporting CMA CGM’s future    development.
The FSI will subscribe to bonds redeemable in shares for an    amount of US$150 million giving right to a 6% stake in CMA CGM    upon conversion.     At the same time, under the terms of the existing agreement,    the Yildirim Group will subscribe to bonds redeemable in shares    for an amount of US$100 million giving right to a 4% stake in    CMA CGM upon conversion.
Jacques R. Saadé, CMA CGM’s Chairman and Chief Executive    Officer, said: « We are very pleased to have reached an    agreement with the FSI and of the Yildirim Group’s renewed    support. This agreement is an important milestone for our Group    and demonstrates FSI and Yildirim’s level of confidence in its    future. It coincides with our Group’s return to profitability    in the second quarter and the expectation of an even better    operating performance in the third quarter, leading to a profit    for the full year. »
Rodolphe Saadé, CMA CGM’s Executive Officer, said: « This    agreement will help to strengthen the Group’s balance sheet and    allow us to accelerate the implementation of CMA CGM’s strategy    to prepare for an IPO in the coming years. I am delighted that    the FSI will invest in our Group and support its on-going    development. »