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SHIPPING BUYER IMPORTING AIR SERVICE   SERVICE service@winlineshipping.com   CMA CGM in Talks to Sell 30 Percent Stake Jul 30 -- Belgian billionaire, French fund negotiating sale for $650 million, report says French ocean carrier CMA CGM is reported to be negotiating the sale of a 30 percent stake to a billionaire Belgian financier and a French government investment fund for $650 million. CMA CGM has entered into exclusive talks with Cie Nationale a Portefeuille, a company controlled by Albert Frere, Belgium’s richest citizen, and FSI, France’s strategic investment fund, Reuters French service said, quoting an unnamed union source. Under the proposal being discussed, CNP would contribute $390 million and the FSI $260 million in a joint investment for 30 percent of CMA CGM’s capital. An FSI spokesman said it is in exclusive negotiations with CNP but “there is nothing definite.” Marseilles-based CMA CGM, which is owned by the Saade family, has been seeking outside investors as part of a restructuring of its $5.3 billion debt it took on to expand its container fleet, the world’s third largest. The Saades previously broke off talks with Qatar Holdings, saying conditions set by Qatar’s sovereign wealth fund were too onerous. The carrier also has held talks with U.S. investment fund Colony Capital and Butler Capital Partners, a Paris-based private equity group Author ：  admin Add time：  2011-04-19 Clicks： 1832

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