Shipping group CMA CGM is set to buy auto transport company Gefco, French paper Les Echos reported on Friday, citing sources close to the matter. CMA CGM declined to comment. Gefco, in which French-Italian carmaker Stellantis STLA.MI holds a 25% stake, will be valued at 450 to 500 million euros in the deal, the paper .
The French Academy, the prestigious institution that shapes the standards of the French language, said on Thursday it will admit Peruvian writer and Nobel laureate Mario Vargas Llosa as a new member, although he is 10 years older than its statutes allow and has never written a book in French.
The death toll after a boat with migrants sunk in the English channel, which was initially reported at five by French media, could still rise as some more migrants were in a poor condition, a local coast guard official said on Wednesday.