IN A merger deal with US-based Marathon Acquisition Corporation, the CMA CGM group’s subsidiary, Global Ship Lease (GSL) and its 17 vessels, has been valued at US$1-billion. The resulting combination of Marathon and GSL will trade as Global Ship Lease, and will be listed on the New York Stock Exchange (NYSE). Following the merger, CMA CGM will own approximately 23% of GSL.
CMA CGM in merger deal
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