CMA CGM to acquire a 9% stake in Air France-KLM for $252m.

CMA CGM, a container transportation and shipping company, agreed to acquire a 9% stake in Air France-KLM, an airline company, for $252m. "I am very pleased with this strategic partnership with Air France-KLM. It allows us to significantly accelerate the development of our air division, CMA CGM Air Cargo, which was created just over a year ago, and to position our two companies among the world's leading players in air freight. This partnership is fully in line with CMA CGM's strategy and its ambition to become a leader in integrated logistics, for the benefit of its customers. Through our stake in the company, Air France-KLM will be able to count on us to support its future development," Rodolphe Saadé, CMA CGM Group Chairman and CEO.