Qatar investors offering to invest $1 billion in the world's third-biggest shipping group

Qatar investors are offering to invest one billion dollars in France's heavily-indebted CMA CGM, the world's third-biggest shipping group - the AFP is reporting.

Qatar Investment Authority (QIA) has offered the equivalent of 740 million euros in the form of loan guarantees. In November, The group founder said that the group, which owns 360 ships and employs 16,400 people, was seeking capital from investment funds and needed between 300 million and 400 million dollars.

Qatar Investment Authority is listed in the Middle East Investors Directory with the code BD44

The full details from AFP follows