CMA-CGM’s $817 million sale of 90% of its Global Gateway South facility in Los Angeles to two infrastructure funds completes its financial restructuring. The company had committed to $1 billion of disposals and a reduction of its debt ratio. Panjiva analysis of company financial data shows its debt-to-capital ratio would be 46% if the deal completed at the end of the first quarter, vs. a container-line industry average of 48%. The next stage may be more acquisitions. CEO Rodolphe Saadé has targeted a number one position in U.S. container operations, while the company recently acquired Ma...