Yildirim Holdings has commenced the process of selling its 24% stake in container-line CMA-CGM at a valuation of $2.5 billion to $3.0 billion. That comes on the heels of CMA-CGM completing its financial restructuring. There is no indication of whether a sale to an industry participant or financial buyer is preferred, though the stake would not require a bid for the whole company. Panjiva analysis of company financial statements through 1Q 2017 shows the valuation range is equivalent to an enterprise value to revenue ratio of 84% to 94%. The container-line sector currently trades at an...