France's CMA CGM gets 1.05 billion euro loan partly backed by government

PARIS (Reuters) - CMA CGM has arranged a 1.05 billion euro ($1.1 billion) syndicated loan to be 70% guaranteed by the French government, the shipping and logistics company announced on Wednesday.It said the loan was arranged by a consortium of banks BNP Paribas , HSBC and Société Générale .CMA CGM said it expects a 10% fall in market volumes in the first half of 2020 versus a year earlier.