Speculation is again rising that CMA CGM is preparing to float with further financial streamlining underway. The group last week announced the sale of 90% of Los Angeles' Global Gateway South Terminal to infrastructure investors, enabling it to complete a de-leveraging plan announced following the acquisition of NOL/APL in December 2015 (GGS was an APL facility). Coincidentally or otherwise, Turkey's Yildrim Group has confirmed its intention to sell its 24% stake in CMA CGM, acquired through some seven years ago in a cash injection theta played a major part in stabilising the then heavily-indebted French group. Yildrim intends using the proceeds to finance its own global terminal expansion plans and has appointed China's CITIC bank to handle the sale. This in turn has led to speculation the Chinese will pursue an outright purchase of CMA CGM!