Merit France completed the acquisition of 20% stake in Pathe.

Merit France, an investment vehicle of the Saade family, known for their ownership of CMA CGM, a global shipping and logistics company, completed the acquisition of 20% stake in Pathe, a film production and cinema exhibition company. Financial terms are not disclosed. "This partnership with the Saade family coincides with Pathe’s long history of supporting filmmakers. The new capital will allow us to broaden our production footprint and modernize our theaters to deliver a premium experience across Europe.” Jerome Seydoux, Pathe Chairman.