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Global Ship Lease, Inc. Message Board

  • edgetrader2001 edgetrader2001 Aug 21, 2012 1:42 PM Flag

    CMA CGM Board changes

    Yesterday we saw the announcement of three new CMA CGM board members.

    1. Dominique Bussereau, former French Sec of State for Transport

    2. Pierre Mongin, president of Regie Autonome des Transports Parisiens

    3. Jihad Azour, former Lebanese Minister of Finance

    The additional outside oversight makes me wonder if this is a condition of a bank agreement and makes me also speculate that such an agreement is near anouncement.

    The first two are of the French public official ilk. Will be interesting to see if this signals participation by the SFI. The last official, was likely an acquaintance of Saade.

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