CMA CGM - comment
CMA CGM buying La Tribune is small beer in terms of the cost, but it underlines the determination to diversify away from logistics. The sums being spent so far are modest, but it is worth keeping one eye out for the outlay. CMA CGM has moved the tax domicile of the holding company to France (from Lebanon) and voluntarily capped box rates in France at the height of the market, buying a business newspaper may be another move to burnish the good corporate citizen credentials of the company. La Tribune will slot into CMA CGM Medias.