Qatar is offering to invest $1 billion in France’s heavily indebted CMA CGM, the world’s third-biggest shipping group, a report said yesterday. The Qatar Investment Authority (QIA), which manages investments for the gas-rich nation, has offered the equivalent of 740 million euros (Dh3.6 billion) in the form of loan guarantees, French business magazine La Lettre de l’Expansion reported. An agreement could be reached by the Northern Hemisphere summer. Contacted by AFP, CMA CGM refused to comment.
